MARVIN MANDEL, Governor

1593

[[2-514]] 2-513. RIGHT OF INSPECTION—STOCKHOLDERS OF 5
PERCENT OF STOCK.

(A)   RIGHT OF INSPECTION.

ONE OR MORE PERSONS WHO TOGETHER ARE AND FOR AT
LEAST SIX MONTHS HAVE BEEN STOCKHOLDERS OF RECORD OR
HOLDERS OF VOTING TRUST CERTIFICATES OF AT LEAST 5
PERCENT OF THE OUTSTANDING STOCK OF ANY CLASS OF A
CORPORATION MAY:

(1)     IN PERSON OR BY AGENT, ON WRITTEN
REQUEST, INSPECT AND COPY DURING USUAL BUSINESS HOURS THE
CORPORATION'S BOOKS OF ACCOUNT AND ITS STOCK LEDGER;

(2)    PRESENT TO ANY OFFICER OR RESIDENT AGENT
OF THE CORPORATION A WRITTEN REQUEST FOR A STATEMENT OF
ITS AFFAIRS; AND

(3)   IN THE CASE OF ANY CORPORATION WHICH DOES
NOT MAINTAIN THE ORIGINAL OR A DUPLICATE STOCK LEDGER AT
ITS PRINCIPAL OFFICE, PRESENT TO ANY OFFICER OR RESIDENT
AGENT OF THE CORPORATION A WRITTEN REQUEST FOR A LIST OF
ITS STOCKHOLDERS.

(B)   PROCEDURE BY CORPORATION AFTER REQUEST.

WITHIN 20 DAYS AFTER A REQUEST FOR INFORMATION     IS

MADE UNDER SUBSECTION (A) OF THIS SECTION, THE

CORPORATION SHALL PREPARE AND HAVE AVAILABLE ON FILE     AT
ITS PRINCIPAL OFFICE:

(1)    IN THE CASE OF A REQUEST FOR A STATEMENT
OF AFFAIRS, A STATEMENT VERIFIED UNDER OATH BY ITS
PRESIDENT OR TREASURER OR ONE OF ITS VICE-PRESIDENTS OR
ASSISTANT TREASURERS WHICH SETS FORTH IN REASONABLE
DETAIL THE CORPORATION'S ASSETS AND LIABILITIES AS OF A
REASONABLY CURRENT DATE; AND

(2)   IN THE CASE OF A REQUEST FOR A LIST OF
STOCKHOLDERS, A LIST VERIFIED UNDER OATH BY ONE OF ITS
OFFICERS OR ITS STOCK TRANSFER AGENT OR REGISTRAR WHICH
SETS FORTH THE NAME AND ADDRESS OF EACH STOCKHOLDER AND
THE NUMBER OF SHARES OF EACH CLASS WHICH THE STOCKHOLDER
HOLDS.

REVISOR'S NOTE: This section is new language which
synthesizes without substantive change the
provisions of present Art. 23, §51(b) and (c).

In subsection (a) (1) of this section, the
present reference to the right of a party's
"attorney" to inspect is deleted as
unnecessary since an attorney in this case