16-10a-1601 - Corporate records.
16-10a-1601. Corporate records.
(1) A corporation shall keep as permanent records minutes of all meetings of itsshareholders and board of directors, a record of all actions taken by the shareholders or board ofdirectors without a meeting, and a record of all actions taken on behalf of the corporation by acommittee of the board of directors in place of the board of directors, and a record of all waiversof notices of meetings of shareholders, meetings of the board of directors, or any meetings ofcommittees of the board of directors.
(2) A corporation shall maintain appropriate accounting records.
(3) A corporation or its agent shall maintain a record of the names and addresses of itsshareholders, in a form that permits preparation of a list of shareholders:
(a) that is arranged by voting group and within each voting group by class or series ofshares;
(b) that is in alphabetical order within each class or series; and
(c) that shows the address of and the number of shares of each class and series held byeach shareholder.
(4) A corporation shall maintain its records in written form or in any form capable ofconversion into written form within a reasonable time.
(5) A corporation shall keep a copy of the following records at its principal office:
(a) its articles of incorporation currently in effect;
(b) its bylaws currently in effect;
(c) the minutes of all shareholders' meetings, and records of all action taken byshareholders without a meeting, for the past three years;
(d) all written communications within the past three years to shareholders as a group or tothe holders of any class or series of shares as a group;
(e) a list of the names and business addresses of its current officers and directors;
(f) its most recent annual report delivered to the division under Section 16-10a-1607; and
(g) all financial statements prepared for periods ending during the last three years that ashareholder could request under Section 16-10a-1605.
Enacted by Chapter 277, 1992 General Session