---
title: O.C.G.A. § 14-3-1620. Furnishing financial statements to members.
collection: code
id: 14-3-1620
cite_as: O.C.G.A. § 14-3-1620 (2025)
canonical_url: https://georgiacommons.org/code/14-3-1620
md_url: https://georgiacommons.org/code/14-3-1620.md
text_url: https://georgiacommons.org/code/14-3-1620/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-pdf.pdf?sfvrsn=82868bd8_0#page=217
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / NONPROFIT CORPORATIONS / RECORDS AND REPORTS / REPORTS
---

# O.C.G.A. § 14-3-1620. Furnishing financial statements to members.

(a) A corporation upon request in writing or by electronic transmission from a member shall furnish that member its latest prepared annual financial statements, which may be consolidated or combined statements of the corporation and one or more of its subsidiaries or affiliates, in reasonable detail 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.

(b) 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 chief executive officer or the person responsible for the corporation’s financial accounting records:

(1) Stating the chief executive officer’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

(2) Describing any respects in which the statements were not prepared on a basis of accounting consistent with the statements prepared for the preceding year.

## History

Code 1981, § 14-3-1620, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 63; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.

## Amendments

The 2023 amendment, effective July 1, 2023, substituted “chief executive officer” for “president” in the beginning of subsection (b) and substituted “chief executive officer’s” for “president’s” in paragraph (b)(1).