Nev. Admin. Code § 616B.555 - Financial statement by each member: Submission; inspection; exception
1. Except as otherwise provided in subsection
3, each approved member of an association shall, within 120 days after the
close of the fiscal year of the member, submit to the association's
administrator or an independent certified public accountant who has been
designated by the board of trustees of the association a financial statement
for the member which:
(a) Has been prepared by
a certified public accountant in accordance with generally accepted accounting
principles of the United States; and
(b) Is stated in United States
dollars.
2. The
association must make all financial statements received from members pursuant
to this section available for inspection by the Commissioner or a designee
thereof.
3. The members of an
association that has provided a solvency bond to the Commissioner are not
required to comply with this section.
Notes
NRS 616B.404, 616B.446, 679B.130
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