This text of New York § 1102 (Records) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 1102. Records.
(a)Each domestic limited liability company shall\nmaintain the following records, which may, but need not, be maintained\nin this state:\n (1) if the limited liability company is managed by a manager or\nmanagers, a current list of the full name set forth in alphabetical\norder and last known mailing address of each such manager;\n (2) a current list of the full name set forth in alphabetical order\nand last known mailing address of each member together with the\ncontribution and the share of profits and losses of each member or\ninformation from which such share can be readily derived;\n (3) a copy of the articles of organization and all amendments thereto\nor restatements thereof, together with executed copies of any powers of\nattorney pursuant to which any certif
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§ 1102. Records. (a) Each domestic limited liability company shall\nmaintain the following records, which may, but need not, be maintained\nin this state:\n (1) if the limited liability company is managed by a manager or\nmanagers, a current list of the full name set forth in alphabetical\norder and last known mailing address of each such manager;\n (2) a current list of the full name set forth in alphabetical order\nand last known mailing address of each member together with the\ncontribution and the share of profits and losses of each member or\ninformation from which such share can be readily derived;\n (3) a copy of the articles of organization and all amendments thereto\nor restatements thereof, together with executed copies of any powers of\nattorney pursuant to which any certificate or amendment has been\nexecuted;\n (4) a copy of the operating agreement, any amendments thereto and any\namended and restated operating agreement; and\n (5) a copy of the limited liability company's federal, state and local\nincome tax or information returns and reports, if any, for the three\nmost recent fiscal years.\n (b) Any member may, subject to reasonable standards as may be set\nforth in, or pursuant to, the operating agreement, inspect and copy at\nhis or her own expense, for any purpose reasonably related to the\nmember's interest as a member, the records referred to in subdivision\n(a) of this section, any financial statements maintained by the limited\nliability company for the three most recent fiscal years and other\ninformation regarding the affairs of the limited liability company as is\njust and reasonable.\n (c) If provided in the operating agreement, certain members or\nmanagers shall have the right to keep confidential from other members\nfor such period of time as such certain members or the managers deem\nreasonable, any information which such certain members or the managers\nreasonably believe to be in the nature of trade secrets or other\ninformation the disclosure of which such certain members or the managers\nin good faith believe is not in the best interest of the limited\nliability company or its business or which the limited liability company\nis required by law or by agreement with a third party to keep\nconfidential.\n (d) A limited liability company may maintain its records in other than\na written form if such form is capable of conversion into written form\nwithin a reasonable time.\n