Legal Question in Business Law in Utah
Viewing financial statements
As a dues paying member of a non-profit corporation are we allowed to view financial statements of the club.?
Asked on 5/11/04, 12:50 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Viewing financial statements
Yes, a non-profit organization must maintain records for review by its members on reasonable notice or during normal business hours. If the 'club' refuses, it may be in jeopardy of its non-profit status, and may be in violation of state law.
Answered on 5/11/04, 8:42 pm
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