Each association formed under this chapter shall prepare and submit to its annual meeting an annual report containing the name of the association, its principal place of business; a general statement of its business operations during the fiscal year, showing the amount of capital stock paid for and the number of stockholders, if a stock association, or the number of members and amount of membership fees received, if a nonstock association; the total expenses of operation; the amount of its assets and indebtedness or liabilities.
Source. 1925, 33:17. PL 224:39. RL 273:39.