6-478. Reports to superintendent and
members
A. Every association operating under this chapter shall file with the
superintendent within sixty days following the close of each fiscal year of such
association, a statement showing its financial condition at the close of the fiscal year
and its operations for the year then ended. Each such statement shall be on forms
prescribed by the superintendent and in conformity with generally accepted accounting
principles, and shall be verified under oath by the secretary and certified by a
committee of three or more members who are not officers of the association, or by a
licensed certified public accountant appointed by the board of directors, or by two
officers of the association.
B. Every association shall file also such other reports as the superintendent may
require from time to time.
C. Within sixty days after the date of such statement, the association either shall
mail to each member the annual statement of condition, or a condensed form thereof
approved by the superintendent, or shall publish the same at least once.
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