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  1. #1

    Default How Can a Shareholder Get Company Profit and Loss Information

    My question involves collection proceedings in the State of: Utah

    I am a concerned citizen of Utah and recently went to a annual NON Profit meeting regarding the Woodruff Irrigating Company. I went to research there project online and found a old Topic on this. At the time of those comments a lot of people were for the project but have recently turned. And have a meeting to vote on turning backing out of the project. Much of what was said in this old post is true! At this annual meeting we had a one page paper showing the debt the company has occurred over the past three years. Totallying 750,000 dollars in engineering costs alone. When asked for a detailed sheet at the meeting we received a paper showing the engineering debt in a excel spread sheet. Also when confronted on the topic of right of ways with the state they said we have them and ready to start the project. But a fellow concerned citizen had called the state and have never heard of the pipeline. Following the meeting another email to water safety board was miss informed about how much water would be placed in certain ditches they said safety plan would not be needed due to the quantity of water is below 5CFS and curently half the ditches in the system hold above 5CFS some totalling 30CFS. Pipline being 65

    How can we get a copy of the expense reports for the last 3 years as a shareholder. They also mentioned in 2016 there are a 4-5 months missing? How can we make them show us this as shareholders?

  2. #2
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    Default Re: How Can a Shareholder Get Company Profit and Loss Information

    Your question is not clear. Are you a shareholder in the irrigation company? Are you a shareholder in a nonprofit (but non-charitable) private company? What company's debts concern you?

    If you own shares of a publicly traded company, you can see the financial information that is in the company's annual report.

    If you own shares of a privately held company, you can see what information you are entitled to receive by virtue of your rights under your shares or class of shares.

    You can also attend annual meetings of the company and ask questions.

  3. #3

    Default Re: How Can a Shareholder Get Company Profit and Loss Information

    Yes I am a shareholder in a Non profit Irriagtion company. At the annual meeting they provided us with a typed one page paper showing where we had spent 750,000 dollars. Towards this pipeline. But it never broke down the costs just one 5 lines that didn't even add up to a balance? So how do we get that information from them?

  4. #4
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    Default Re: How Can a Shareholder Get Company Profit and Loss Information

    If this is a nonprofit, non-charitable organization, then you can look to your state's laws governing nonprofit corporations. See Part 16, including Sec. 1606.

  5. #5

    Default Re: How Can a Shareholder Get Company Profit and Loss Information

    Ok I have looked those sections over.

    Correction will look them over

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