Section 16.03: Scope of inspection right
172 words·~1 min read·
/ma/part-i/title-xxii/chapter-156d/16-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 16.03. SCOPE OF INSPECTION RIGHT
(a)A shareholder's agent or attorney has the same inspection and copying rights as the shareholder represented.
(b)The corporation may, if reasonable, satisfy the right of a shareholder to copy records under section 16.02 by furnishing to the shareholder copies by photocopy or other means chosen by the corporation including copies furnished through an electronic transmission.
(c)The corporation may impose a reasonable charge, covering the costs of labor, material, transmission and delivery, for copies of any documents provided to the shareholder. The charge may not exceed the estimated cost of production, reproduction, transmission or delivery of the records.
(d)The corporation may comply at its expense, with a shareholder's demand to inspect the record of shareholders under clause
(3)of subsection
(b)of section 16.02 by providing the shareholder with a list of shareholders that was compiled no earlier than the date of the shareholder's demand.
(e)The corporation may impose reasonable restrictions on the use or distribution of records by the demanding shareholder.