36 U.S.C. § 22309 — 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, minutes of its meetings, and a list of voting members' names and addresses. A voting member, or that member's agent or lawyer, can inspect these records. Inspection must be for a proper reason and at a reasonable time.

(a) Records. The corporation must keep three kinds of records. First, correct and complete records of its finances. Second, minutes from meetings of its members, board of directors, and any committee that has some of the board's authority. Third, at its main office, a list of the names and addresses of members who are entitled to vote. (b) Inspection. A member who can vote — or that member's agent or attorney — may look at the corporation's records. This is only allowed for a proper purpose, and only at a 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. 1303.)

history & why it existsrecord from the source credit

1998Enacted · Pub. L. 105-225 · 112 Stat. 1303

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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