357.140. Auditing of books annually.
Auditing of books annually.
357.140. All associations formed under the provisions ofsection 357.010, shall keep a set of books showing the businessoperation of said association, and said books shall be audited bycompetent auditors once each year; which auditor shall not be amember or stockholder of said association. At the completion ofthe audit herein provided for, said auditor shall have the rightto call a meeting of the board of directors, and explain hisreport and the financial condition of said association, and acopy of the report of said auditor shall be filed with thesecretary and president of the board of directors of such anassociation, which report may contain recommendations for theproper handling of the business of said association.
(RSMo 1939 § 14418)Prior revision: 1929 § 12760