Indiana § 23-1-52-2 Shareholder's right to inspect and copy records

Indiana Statutes

§ 23-1-52-2 — Shareholder's right to inspect and copy records

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 52 Records

(a)Subject to section 3(c) of this chapter, a shareholder of a corporation is entitled to inspect and copy, during regular business hours at the corporation's principal office, any of the records of the corporation described in section 1(e) of this chapter if the shareholder gives the corporation written notice of the shareholder's demand at least five (5) business days before the date on which the shareholder wishes to inspect and copy.

(b)A shareholder of a corporation is entitled to inspect and copy, during regular business hours at a reasonable location specified by the corporation, any of the following records of the corporation if the shareholder meets the requirements of subsection (c) and gives the corporation written notice of the shareholder's demand at least five (5) business

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(a) Subject to section 3(c) of this chapter, a
shareholder of a corporation is entitled to inspect and copy, during
regular business hours at the corporation's principal office, any of the
records of the corporation described in section 1(e) of this chapter if
the shareholder gives the corporation written notice of the shareholder's
demand at least five (5) business days before the date on which the
shareholder wishes to inspect and copy.
(b) A shareholder of a corporation is entitled to inspect and copy,
during regular business hours at a reasonable location specified by the
corporation, any of the following records of the corporation if the
shareholder meets the requirements of subsection (c) and gives the
corporation written notice of the shareholder's demand at least five (5)
business days before the date on which the shareholder wishes to
inspect and copy:
(1) Excerpts from minutes of any meeting of the board of
directors, records of any action of a committee of the board of
directors while acting in place of the board of directors on behalf
of the corporation, minutes of any meeting of the shareholders,
and records of action taken by the shareholders or board of
directors without a meeting, to the extent not subject to inspection
under subsection (a).
(2) Accounting records of the corporation.
(3) The record of shareholders.
(c) A shareholder may inspect and copy the records identified in
subsection (b) only if:
(1) the shareholder's demand is made in good faith and for a
proper purpose;
(2) the shareholder describes with reasonable particularity the
shareholder's purpose and the records the shareholder desires to
inspect; and
(3) the records are directly connected with the shareholder's
purpose.
(d) The right of inspection granted by this section may not be
abolished or limited by a corporation's articles of incorporation or
bylaws.
(e) This section does not affect:
(1) the right of a shareholder to inspect records under IC 23-1-30-1 or, if the shareholder is in litigation with the
corporation, to the same extent as any other litigant; or
(2) the power of a court, independently of this article, to compel
the production of corporate records for examination.

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