Section 10-2B-16.03 Scope of inspection right. - Alabama Statutes

Section 10-2B-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 10-2B-16.02 includes, if reasonable, the right to receive copies made by photographic, xerographic, 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 reproduction of the records.

(d) The corporation may comply with a shareholder's demand to inspect the record of shareholders under Section 10-2B-16.02(b) by providing him or her with a list of its shareholders that was compiled no earlier than the date of the shareholder's demand.

(Acts 1994, No. 94-245, p. 343, §1.)