Section 2-512 - Stockholder's right of inspection. - Maryland Statutes

§ 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. 
 

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