1674

LAWS OF MARYLAND

[Ch. 311

Art. 23, §107.

The only changes are in style.

4-403. STOCKHOLDERS' RIGHT OF INSPECTION.

A STOCKHOLDER OF A CLOSE CORPORATION OR HIS AGENT
MAY INSPECT AND COPY DURING USUAL BUSINESS HOURS ANY
RECORDS OR DOCUMENTS OF THE CORPORATION RELEVANT TO ITS
BUSINESS AND AFFAIRS, INCLUDING ANY:

(1)    BYLAWS;

(2)    MINUTES OF THE PROCEEDINGS OF THE STOCKHOLDERS
AND DIRECTORS;

(3)    ANNUAL STATEMENT OF AFFAIRS;

(4)    STOCK LEDGER; AND

(5)    BOOKS OF ACCOUNT.

REVISOR'S NOTE: This section presently appears as
Art. 23, §108(a).

Reference to a stockholder's "attorney" is
deleted as unnecessary since, in any event,
the attorney would be acting as the
stockholder's "agent,"

The only other changes are in style.

4-404. STATEMENT OF AFFAIRS.

(A)       STOCKHOLDERS' RIGHT TO REQUEST.

ONCE DURING EACH CALENDAR YEAR, EACH STOCKHOLDER OF
A CLOSE CORPORATION MAY PRESENT TO ANY OFFICER OF THE
CORPORATION A WRITTEN REQUEST FOR A STATEMENT OF ITS
AFFAIRS.

(B)       STATEMENT OF CORPORATION'S AFFAIRS.

WITHIN 20 DAYS AFTER A REQUEST IS MADE FOR A
STATEMENT OF A CLOSE CORPORATION'S AFFAIRS, THE
CORPORATION SHALL PREPARE AND HAVE AVAILABLE ON FILE AT
ITS PRINCIPAL OFFICE A STATEMENT VERIFIED UNDER OATH BY
ITS PRESIDENT OR TREASURER OF 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. [[THE PRESIDENT, A

VICE-PRESIDENT, THE TREASURER, OR AN ASSISTANT TREASURER
SHALL VERIFY THE STATEMENT UNDER OATH.]]