Form with which a shareholder may demand the opportunity to inspect the records of a corporation in which the shareholder holds stock.
Montana Demand Inspection of Books - Corporate Resolutions
State:
Multi-State
Control #:
US-0026-CR
Format:
Word;
Rich Text
Instant download
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How to fill out Demand Inspection Of Books - Corporate Resolutions?
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FAQ
The Basic Law:Specific statutes in the California Corporations Code provide shareholders the right to inspect bylaws, accounting books, records, minutes and financial statements. The California Corporations Code allows the court to enforce these rights.
The director, trustee, stockholder or member may inspect the corporate records in person or through a representative at reasonable hours on business days, as well as demand in writing and at his/her expense for copies of such records.
The right of a stockholder to inspect the books of the corporation is rooted in Section 74 of the Corporation Code, which states that: The records of all business transactions of the corporation and the minutes of any meeting shall be open to inspection by any director, trustee, stockholder or member of the
The director, trustee, stockholder or member may inspect the corporate records in person or through a representative at reasonable hours on business days, as well as demand in writing and at his/her expense for copies of such records.
The Corporation Code has granted to all stockholders the right to inspect the corporate books and records, and in so doing has not required any specific amount of interest for the exercise of the right to inspect.
There are various remedies available to the shareholder where the right to inspect is violated, such as petition for inspection of corporate records with the competent court, complaint for damages or a criminal action against the person/s who denied the request to inspect on behalf of the corporation.
Mortgagee or its representatives shall have the right to examine and make copies of all books and records and all supporting vouchers and data related to the Secured Property at reasonable times upon reasonable written notice to Grantor.
Shareholders have the right to inspect a corporation's articles of incorporation and bylaws, but only limited rights to inspect accounting books and no right to inspect corporate communications and contracts.