36 U.S.C. § 152709 — Records and inspection

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 87 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation must keep accurate financial records and meeting minutes. It must also keep a list of members who can vote. Voting members, or their agents, can inspect these records for a proper reason.

(a) Records — The corporation must keep three things: correct and complete records of its accounts (its money); minutes (written notes) from meetings of its members, board of directors, and any committee that has some of the board's authority; and, at its main office, a list of the names and addresses of members who are allowed to vote. (b) Inspection — A member who can vote — or that member's agent or attorney — can look at the corporation's records. They can do this for any proper reason, at any reasonable time.

the actual law source: uscode.house.gov ↗public domain

(a)Records.—

The corporation shall keep—

(1)

correct and complete records of account;

(2)

minutes of the proceedings of its members, board of directors, and committees having any of the authority of its board of directors; and

(3)

at its principal office, a record of the names and addresses of its members entitled to vote.

(b)Inspection.—

A member entitled to vote, or an agent or attorney of the member, may inspect the records of the corporation for any proper purpose, at any reasonable time.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1419.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1419

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

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