Texas Business Organizations Code 252.010 – Books and Records
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(a) A nonprofit association shall keep correct and complete books and records of account for at least three years after the end of each fiscal year and shall make the books and records available on request to members of the association for inspection and copying.
(b) The attorney general may inspect, examine, and make copies of the books, records, and other documents the attorney general considers necessary and may investigate the association to determine if a violation of any law of this state has occurred.
Terms Used In Texas Business Organizations Code 252.010
- Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Law: means , unless the context requires otherwise, both statutory and common law. See Texas Business Organizations Code 1.002