§ 2-512. Stockholder's right of inspection

   (a) In general. -- Any stockholder, holder of a voting trust certificate in a corporation, or his agent, on written request, may inspect and copy during usual business hours any of the following corporate documents:

   (1) Bylaws;

   (2) Minutes of the proceedings of the stockholders;

   (3) Annual statements of affairs; and

   (4) Voting trust agreements deposited with the corporation at the corporation's principal office in accordance with § 2-510(2) of this subtitle.

(b) Availability of requested documents. -- Within 7 days after a request for documents made under subsection (a) of this section is presented to an officer or the resident agent of a corporation, the corporation shall have the requested documents available on file at its principal office.

(c) Inspection of stock records. --

   (1) Any stockholder or holder of a voting trust certificate in a corporation other than an open-ended investment company may present to any officer or resident agent of the corporation a written request for a statement showing all stock and securities issued by the corporation during a specified period of not more than 12 months before the date of the request.

   (2) Within 20 days after a request is made under this subsection, the corporation shall prepare and have available on file at its principal office a sworn statement of its president or treasurer or one of its vice-presidents or assistant treasurers which states:

      (i) The number of shares or amounts of each class of stock or other securities issued during the specified period;

      (ii) The consideration received per share or unit, which may be aggregated as to all issuances for the same consideration per share or unit; and

      (iii) The value of any consideration other than money as set in a resolution of the board of directors.

HISTORY: An. Code 1957, art. 23, § 51; 1975, ch. 311, § 2; 2009, chs. 295, 296.