2005 Idaho Code - 30-3-134 — FINANCIAL STATEMENTS FOR MEMBERS

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 3
                       IDAHO NONPROFIT CORPORATION ACT
    30-3-134.  FINANCIAL STATEMENTS FOR MEMBERS. (1) Except as provided in the
articles or bylaws of a religious corporation, a corporation upon written
demand from a member shall furnish that member its latest annual financial
statements, which may be consolidated or combined statements of the
corporation and one (1) or more of its subsidiaries or affiliates, as
appropriate, that include a balance sheet as of the end of the fiscal year and
statement of operations for that year.  If financial statements are prepared
for the corporation on the basis of generally accepted accounting principles,
the annual financial statements must also be prepared on that basis.
    (2)  If annual financial statements are reported upon by a public
accountant, the accountant's report must accompany them.  If not, the
statements must be accompanied by the statement of the president or the person
responsible for the corporation's financial accounting records:
    (a)  Stating the president's or other person's reasonable belief as to
    whether the statements were prepared on the basis of generally accepted
    accounting principles and, if not, describing the basis of preparation;
    and
    (b)  Describing any respects in which the statements were not prepared on
    a basis of accounting consistent with the statements prepared for the
    preceding year.