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AR HB1793
Bill
Status
4/27/2011
Primary Sponsor
James McLean
Click for details
AI Summary
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Amends Arkansas Code § 4-28-218 to clarify procedures for nonprofit corporations to maintain and provide books and accounting records to members.
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Requires corporations to keep correct and complete books and records of account, with receipts and expenditures recorded according to accepted accounting principles.
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Allows members to inspect books and records of the corporation for any proper purpose at any reasonable time.
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Permits members to obtain monthly or other periodic financial reports identical to those provided to the governing board by making a verbal or written request.
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Requires members requesting mailed reports to provide the corporation with a self-addressed, stamped envelope for delivery of the financial report.
Legislative Description
To Clarify The Procedures For Obtaining Books And Accounting Records Under The Arkansas Nonprofit Corporation Act.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011