180.1601 Corporate records.

180.1601

SUBCHAPTER XVI
RECORDS AND REPORTS
180.1601 Corporate records.

180.1601(1)

(1) A corporation shall keep as permanent records any of the following that has been prepared:

180.1601(1)(a)

(a) Minutes of meetings of its shareholders and board of directors.

180.1601(1)(b)

(b) Records of actions taken by the shareholders or board of directors without a meeting.

180.1601(1)(c)

(c) Records of actions taken by a committee of the board of directors in place of the board of directors and on behalf of the corporation.

180.1601(2)

(2) A corporation shall maintain appropriate accounting records.

180.1601(3)

(3) A corporation or its agent shall maintain a record of its shareholders, in a form that permits preparation of a list of the names and addresses of all shareholders, by class or series of shares and showing the number and class or series of shares held by each shareholder.

180.1601(4)

(4) A corporation shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.

180.1601 - ANNOT.

History: 1989 a. 303.