Part 10 — Financial Disclosure
233 Copies of financial statements re distributing cooperatives
a public distribution are outstanding and are held by more than one
person, a distributing cooperative must send a copy of the
documents referred to in section 228 to the Executive Director not
less than 21 days before each annual meeting of members, or
without delay after a resolution instead of an annual meeting is
signed pursuant to the regulations, and in any event not later than
15 months after the last preceding annual meeting of members was
held or a resolution signed pursuant to the regulations.
(2) A subsidiary cooperative is not required to comply with this
section if its financial statements are consolidated or combined
with those of its holding cooperative entity and the statements of its
holding cooperative entity are sent to the Executive Director in
compliance with this section.