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Session Laws, 1916
Volume 534, Page 1229   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 1229

strued as limiting or affecting the liability of stockholders in
banking, safe deposit, trust and loan corporations.

72. If any person or persons holding in the aggregate five
per cent, of the outstanding capital stock of any corporation of
this State (or five per cent, of any class of such stock, if two
or more classes have been issued) shall present to any officer,
director or resident agent of the corporation a written request
for a statement of its affairs, it shall be his duty to make or pro-
cure such a statement sworn to by the president or a vice-presi-
dent or by the treasurer or an assistant treasurer, embracing a
particular account of its assets and liabilities in detail, and to
have the same ready and on file at the principal office of the cor-
poration within twenty days after the presentation of such re-
quest. And such statement shall at all times during business
hours be open to the inspection of any stockholder, and he shall
be entitled to copy the same.

73. Original or duplicate stock ledgers, containing the names
and addresses of the stockholders of every corporation of this
State, having capital stock, and the number of shares (of each
class, if two or more classes have been issued) held by them
respectively, shall during the usual business hours of every
business day be open for the inspection of any person or per-
sons holding in the aggregate five per cent, of the outstanding
capital stock, or five per cent, of any class thereof, if two or
more classes have been issued, at its principal office in this
State; provided, however, that this provision shall be deemed
complied with if the stock ledger, open for inspection as afore-
said, disclose all transfers made up until twenty days before
such inspections. The other books of the corporation, wherever
located, shall be open to inspection by stockholders upon the
terms upon which stock ledgers are open to their inspection.

74. The directors, managers and trustees of every corporation
of this State shall keep full and fair accounts of their trans-
actions. The president of every such corporation shall annually
prepare a full and true statement of the affairs of the corpora-
tion, which shall be submitted at the annual meeting of the
stockholders or members and filed within twenty days there-
after at the principal office of the corporation in this State,
where it shall, during the usual business hours of every business
'day, be open for the inspection of every stockholder or member
of the corporation.

 

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Session Laws, 1916
Volume 534, Page 1229   View pdf image (33K)
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