Vermont Statutes Title 11 Sec. 1026
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Terms Used In Vermont Statutes Title 11 Sec. 1026
- Annual meeting: when applied to towns shall mean the annual town meeting in March or an adjournment thereof. See
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
§ 1026. Annual report
An association formed under this subchapter shall prepare and submit at 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, and the amount of its assets and indebtedness or liabilities.