Title 15, Commerce and TradeRelease 119-102
§77ff Accounts and Annual Balance Sheet of Corporation; Audits
Title 15 › CHAPTER 2A — SECURITIES AND TRUST INDENTURES › SUBCHAPTER II — FOREIGN SECURITIES › § 77ff
Summary
The board of directors must keep records of all the company's business and money matters, prepare a general account and a balance sheet each year, and have one or more auditors examine the accounts and report back to the board.
Full Legal Text
Title 15, §77ff
Commerce and Trade, Source: USLM XML via OLRC
The board of directors shall cause accounts to be kept of all matters relating to or connected with the transactions and business of the Corporation, and cause a general account and balance sheet of the Corporation to be made out in each year, and cause all accounts to be audited by one or more auditors who shall examine the same and report thereon to the board of directors.
Reference
Citations & Metadata
Citation
15 U.S.C. § 77ff
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102