Maintenance of Records

  • A society must keep proper accounting records in respect of all its financial and other transactions.
  • Without limiting subsection .
  • all money received and disbursed by the society and the matter in respect of which the receipt and disbursement took place
  • every asset and liability of the society.
  • every other transaction affecting the financial position of the society.
  • Inspection by members.
  • Unless otherwise provided in the bylaws, the documents, including the accounting records, of a society must be open to the inspection of a director or member on reasonable notice to the society.

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