3-1-42. Association's records.
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/ut/title-3/chapter-1/3-1-42A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
3-1-42. Association's records.
(1)An association shall keep as permanent records:
(a)minutes of meetings of its members and board of directors;
(b)a record of each action taken by the consent of the members or board of directors without a meeting;
(c)a record of each action taken on behalf of the association by a committee of the board of directors in place of the board of directors; and
(d)a record of waivers of notices of meetings of members, board of directors, or committees of the board of directors.
(2)An association shall maintain:
(a)appropriate accounting records; and
(b)a record of the names and addresses of its members and shareholders.
(3)An association shall maintain its records in written form or in a form capable of being converted into written form within a reasonable time.
(4)An association shall keep a copy of the following records at its principal office:
(a)its most current articles of incorporation;
(b)its most current bylaws;
(c)the minutes of meetings of members, board of directors, and committees for the past three years;
(d)a list of the names and business addresses of its current officers and directors;
(e)its most recent annual reports delivered to the division as provided under Section 3-1-25 ; and
(f)financial statements prepared for periods ending during the last three years.
Enacted by Chapter 204 , 1994 General Session