Annual report.

A. An association shall file, within the time prescribed by the Sanitary Projects Act, on forms prescribed and furnished by the secretary of state to the association not less than thirty days prior to the date the report is due, an annual report setting forth: (1) the name of the association; (2) the address of the registered office of the association in the state and the name of its registered agent in this state at that address; (3) a brief statement of the character of the affairs that the association is actually conducting; and (4) the names and respective addresses of the directors and officers of the association. B. The report shall be signed and sworn to by two of the members of the association. If the association is in the hands of a receiver or trustee, the report shall be executed on behalf of the association by the receiver or trustee. A copy of the report shall be maintained at the association's principal place of business as contained in the report and shall be made available to the general public for inspection during regular business hours.