SS · Business Corporations Act
Part 13 — Financial Disclosure
155 Annual financial statements
place before the shareholders at every annual meeting
(a) the following financial statements as prescribed:
(i) if the corporation has not completed a financial period
and the meeting is held after the end of the first 6-month
period of that financial period, a financial statement for
the period that began on the date the corporation came
into existence and ended on a date occurring not earlier
than 6 months before the annual meeting;
(ii) if the corporation has completed only one financial
period, a financial statement for that year;
(iii) if the corporation has co mpleted 2 or more financial
periods, comparative financial statements for the last 2
completed financial periods;
RSA 2000
(iv) if the corporation has completed one or more financial
periods but the annual meeting is held after 6 months has
expired in its current financial period, a financial
statement for the period that
(A) began at the commencement of its current financial
period, and
(B) ended on a date that o ccurred not earlier than 6
months before the annual meeting,
in addition to any statement s required under subclause
(ii) or (iii),
(b) the report of the auditor, if any, and
(c) any further information respecting the financial position of
the corporation and the results of its operations required by
the articles, the bylaws or any unanimous shareholder
agreement.
(2) Notwithstanding subsection (1)(a)(iii), the financial statements
for the earlier of the 2 financial periods referred to in that subclause
may be omitted if the reason for the omission is set out in the
financial statements, or in a note to them, to be placed before the
shareholders at the annual meeting.
1981 cB-15 s149