Vermont Statutes Title 11 Sec. 16-03
Terms Used In Vermont Statutes Title 11 Sec. 16-03
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means public benefit and mutual benefit corporation. See
- Member: means (without regard to what a person is called in the articles or bylaws) any person or persons who on more than one occasion, pursuant to a provision of a corporation's articles or bylaws, have the right to vote for the election of a director or directors. See
§ 16.03. Scope of inspection right
(a) A member‘s agent or attorney has the same inspection and copying rights as the member the agent or attorney represents.
(b) The right to copy records under section 16.02 of this title includes, if reasonable, the right to receive copies on computer diskette, or made by photographic, xerographic, or other means.
(c) The corporation may impose a reasonable charge for labor and materials necessary to provide copies of any document for a member. The charge may not exceed the estimated cost of such copies.
(d) The corporation may comply with a member’s demand to inspect the record of members under subdivision 16.02(b)(3) of this title by providing the member with a list of its members that was compiled no earlier than the date of the member’s demand. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
Vermont Statutes Title 11 Sec. 16-03
Terms Used In Vermont Statutes Title 11 Sec. 16-03
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Shareholder: means the person in whose name shares are registered in the records of a corporation or upon presentation for registration are entitled to be registered in the records of a corporation. See
§ 16.03. Scope of inspection right
(a) A shareholder‘s agent or attorney has the same inspection and copying rights as the shareholder he or she represents.
(b) The right to copy records under section 16.02 of this title includes, if reasonable, the right to receive copies made by photocopy, or other means.
(c) 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 may not exceed the estimated cost of production or reproduction of the records.
(d) The corporation may comply with a shareholder’s demand to inspect the record of shareholders under subsection 16.02(a) and subdivision 16.02(b)(2) of this title by providing the shareholder with a list of its shareholders that was compiled no earlier than the date of the shareholder’s demand. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)