§ 10-15-35 — Books and records - Penalty for refusal to produce

North Dakota § 10-15-35

• Jurisdiction: North Dakota
• Title 10: Corporations
• Ch. 10-15: Cooperative Associations

Text

1. A cooperative shall keep correct and complete books and records of account and shall
also keep minutes of the proceedings of meetings of its members, board, and
executive committee. The cooperative shall keep at its principal office records of the
names and addresses of all members and stockholders with the amount of stock held
by each and of ownership of equity interests. At any reasonable time, any member or
stockholder, or the agent or attorney of either, upon written notice delivered or sent to
the cooperative at least one week in advance, may examine any books or records for
a purpose that is proper and specified in the notice.
2. In any proceedings, or upon petition, any court of record may, upon notice and after
hearing at which proper cause is shown, and upon suitable terms, order any of the
cooperative's books or records, and any other pertinent documents in its possession,

or duly authenticated copies thereof, to be brought within this state. The documents
must be kept at the place and for the time and purposes the order designates. Any
cooperative failing to comply with the order is subject to dissolution, and its directors
and officers are guilty of contempt of court.