SP0197, LD 502, item 1 , An Act To Require Additional Information in the Annual Reports of Nonprofit Corporations

An Act To Require Additional Information in the Annual Reports of Nonprofit Corporations

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 13-B MRSA §1301, sub-§1, ¶D, as enacted by PL 2007, c. 323, Pt. B, §27 and affected by Pt. G, §4, is amended to read:

D. A brief statement of the character of the activities in which the domestic or foreign corporation is actually engaged in this State, if any; and

Sec. 2. 13-B MRSA §1301, sub-§1, ¶E, as enacted by PL 2007, c. 323, Pt. B, §27 and affected by Pt. G, §4, is amended to read:

E. The address of its principal office, wherever located . ;

Sec. 3. 13-B MRSA §1301, sub-§1, ¶F is enacted to read:

F. The salary paid by or on behalf of the corporation to each individual whose name is listed by operation of paragraph C for the 12-month period to which the annual report applies; and

Sec. 4. 13-B MRSA §1301, sub-§1, ¶G is enacted to read:

G. A summary of the corporation's gross revenues and gross expenses for the 12-month period to which the annual report applies.

summary

This bill adds to the content requirements of the annual report that nonprofit corporations must file with the Secretary of State:

1. The salaries paid to the president, treasurer, registered agent, secretary or clerk and directors; and

2. A summary of annual gross revenues and gross expenses.

SP0197 LD 502	First Regular Session - 124th Legislature - Text: MS-Word, RTF or PDF		LR 967 Item 1
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