§ 150411. Records and inspection

175 words·~1 min read·/usc/title-36/section-150411

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(a)Records.— The corporation shall keep—

(1)correct and complete books and records of accounts;

(2)minutes of any proceeding of the corporation involving any member of the corporation, the board of directors, or any committee having authority under the board of directors; and

(3)at the principal office of the corporation, a record of the names and addresses of all members of the corporation having the right to vote.

(b)Inspection.—

(1)In general.— All books and records of the corporation may be inspected by any member having the right to vote, or by any agent or attorney of such a member, for any proper purpose, at any reasonable time.

(2)Effect.— Nothing in this section contravenes—

(A)the laws of the jurisdiction under which the corporation is incorporated; or

(B)the laws of those jurisdictions within the United States and its territories within which the corporation carries out activities in furtherance of the purposes of the corporation.

(Added Pub. L. 118–31, div. E, title LI, § 5103(a), Dec. 22, 2023, 137 Stat. 937.)

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Cited by 3 sections

public-private-law