36 U.S.C. § 21109 — 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 account records, meeting minutes for its members, board, and committees, and a list of voting members' names and addresses. A voting member, or their agent or lawyer, can inspect these records at a reasonable time for a proper purpose.

(a) Records: The corporation must keep correct, complete records of its accounts. It must also keep minutes of meetings held by its members, its board of directors, and any committee that has some of the board's authority. At its main office, it must keep a list of names and addresses of members who can vote. (b) Inspection: A member who can vote -- or that member's agent or attorney -- may look at the corporation's records. They can do this at any reasonable time, as long as they have a proper reason.

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. 1294.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1294

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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