Chapter: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | Finances
Article: 1 | 2 | 3 | Accounting
Section: 5500 | 5501 | 5502 |

Section 5501 - Permissible Method of Board Review of Finances

The review requirements of Section 5500 may be met when every individual member of the board, or a subcommittee of the board consisting of the treasurer and at least one other board member, reviews the documents and statements described in Section 5500 independent of a board meeting, so long as the review is ratified at the board meeting subsequent to the review and that ratification is reflected in the minutes of that meeting.

This section is referenced in Section 5500

Prior Law:  Old CID Section: None

First Enacted:  Statutes of 2018, Chapter 396

Similar to CI-CID: None