490.1603 - SCOPE OF INSPECTION RIGHT.
490.1603 SCOPE OF INSPECTION RIGHT. 1. A shareholder's agent or attorney has the same inspection and copying rights as the shareholder represented. 2. The right to copy records under section 490.1602 includes, if reasonable, the right to receive copies by xerographic or other means, including copies through an electronic transmission if available and so requested by the shareholder. 3. The corporation may comply at its expense with a shareholder's demand to inspect the record of shareholders under section 490.1602, subsection 2, paragraph "c", by providing the shareholder with a list of shareholders that was compiled no earlier than the date of the shareholder's demand. 4. The corporation may impose a reasonable charge, covering the costs of labor and material, for copies of any documents provided to the shareholder. The charge shall not exceed the estimated cost of production, reproduction, or transmission of the records.
Section History: Recent Form 89 Acts, ch 288, §177; 2002 Acts, ch 1154, §99, 125