§ 23-17-27-2 — Member's right to inspect and copy records

(a) Subject to subsection (e) and section 3(c)
of this chapter, a member is entitled to inspect and copy, at a
reasonable time and location specified by the corporation, the records
of the corporation described in section 1(e) of this chapter if the
member gives the corporation written notice or a written demand at
least five (5) business days before the date on which the member
desires to inspect and copy.
(b) Subject to subsection (e), a member may inspect and copy, at a
reasonable time and reasonable location specified by the corporation,
the following records of the corporation if the member meets the
requirements of subsection (c) and gives the corporation written notice
at least five (5) business days before the date on which the member
desires to inspect and copy:
(1) Excerpts from records required to be maintained under section
1(a) of this chapter, to the extent not subject to inspection under
subsection (a).
(2) Accounting records of the corporation.
(3) Subject to section 5 of this chapter, the membership list.
(c) A member may inspect and copy the records identified in
subsection (b) only if the following conditions exist:
(1) The member's demand is made in good faith and for a proper
purpose.
(2) The member describes with reasonable particularity the
purpose and the records the member desires to inspect.
(3) The records are directly connected with the purpose.
(d) This section does not affect the following:
(1) The rights of a member to inspect records under IC 23-17-11-1 or, if the member is in litigation with the corporation,
to the same extent as any other litigant.
(2) The power of a court, independently of this article, to compel
the production of corporate records for examination.
(e) The articles of incorporation or bylaws of a religious corporation
may limit or abolish the right of a member under this section to inspect
and copy a corporate record.
(f) The articles of incorporation of a corporation may limit or
abolish the following:
(1) The right of a member to obtain from the corporation
information as to the identity of contributors to the corporation.
(2) The right of a member or the member's agent or attorney to
inspect or copy the membership list if the corporation provides a
reasonable means to mail communications to other members
through the corporation at the expense of the member making the
request.

Legislative History

As added by P.L.179-1991, SEC.1.