MARVIN MANDEL, Governor                            1591

(b).

Subsection (c) of this section presently
appears as Art. 23, §40(c).

The only changes are in style.

££ 2-512. BOOKS AND RECORDS.

(A)         RECORDS OF ACCOUNTS AND MINUTES TO BE CORRECT
AND COMPLETE.

EACH CORPORATION SHALL KEEP CORRECT AND COMPLETE:

(1)       BOOKS AND RECORDS OF ITS ACCOUNTS AND
TRANSACTIONS; AND

(2)            MINUTES OF THE PROCEEDINGS OF ITS
STOCKHOLDERS AND BOARD OF DIRECTORS AND OF ANY EXECUTIVE
OR OTHER COMMITTEE WHEN EXERCISING ANY OF THE POWERS OF
THE BOARD OF DIRECTORS.

(B)       FORM OF RECORDS AND MINUTES.

(1) THE BOOKS AND RECORDS OF A CORPORATION
MAY BE IN WRITTEN FORM OR IN ANY OTHER FORM WHICH CAN BE
CONVERTED WITHIN A REASONABLE TIME INTO WRITTEN FORM FOR
VISUAL INSPECTION.

(2) MINUTES SHALL BE RECORDED IN WRITTEN FORM
BUT MAY BE MAINTAINED IN THE FORM OF A REPRODUCTION.]]

REVISOR'S NOTE: This section presently appears as
Art. 23, §49(a).

The only changes are in style.

Present §49 (b), which deals with annual
reports to shareholders, now appears in
Subtitle 3 of this title.

Present §49(c), which deals with the

evidentiary effect of a recitation in a

corporate record, now appears in Title 1 of
this article.

[[2-5133] 2-512. STOCKHOLDER'S RIGHT OF INSPECTION.

(A) RIGHT OF INSPECTION; IN GENERAL.

ANY STOCKHOLDER,        HOLDER OF A VOTING TRUST

CERTIFICATE IN A CORPORATION, OR HIS AGENT MAY INSPECT
AND COPY DURING USUAL BUSINESS HOURS ANY OF THE FOLLOWING
CORPORATE DOCUMENTS: