2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
ARTICLE 4. Executive Director
Section 14027
The director shall have the accounts of each corporation formed under this part audited as of the close of business on June 30, of each year. The director shall also have the portfolio of each corporation audited a minimum of once a year. Material audit exceptions that are not corrected by the corporation within a reasonable period of time may result in the suspension of the corporation pursuant to Section 14028.
(Amended by Stats. 1994, Ch. 785, Sec. 8. Effective September 26, 1994.)
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