Furnishing financial statements to members
- Statute:
- Georgia §14-3-1620 · Article NP (Georgia Nonprofit Corporation Code (O.C.G.A. Title 14 Ch. 3))
- Topic:
- Records & Disclosure · Financials
- Applies to:
- Nonprofit associations
On written or electronic request, the corporation must give a member its latest annual financial statements — a year-end balance sheet and a statement of operations. If a public accountant reported on them, that report comes too; if not, the CEO or the person who keeps the books must say whether they were prepared on GAAP and whether they fairly present the corporation's financial condition.
📄 Read the official text at legis.ga.gov →
How SoShiny helps with Furnishing financial statements to members
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does Georgia §14-3-1620 require?
- On written or electronic request, the corporation must give a member its latest annual financial statements — a year-end balance sheet and a statement of operations. If a public accountant reported on them, that report comes too; if not, the CEO or the person who keeps the books must say whether they were prepared on GAAP and whether they fairly present the corporation's financial condition.
- Who does Georgia §14-3-1620 apply to?
- Georgia §14-3-1620 applies to Nonprofit associations in Georgia.
- What happens if our nonprofit corporation doesn't comply with §14-3-1620?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Georgia community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Georgia §14-3-1620?
- The official text is published by the Georgia General Assembly at legis.ga.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Furnishing financial statements to members?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of Georgia §14-3-1620 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Georgia-licensed attorney. For the official statutory text, see the link above.
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