79-29-107 - Records to be kept. - Mississippi Statutes

§ 79-29-107. Records to be kept.
 

(1)  Each limited liability company shall keep at its principal place of business the following: (a) a current list of the full name and last known street address of each member and manager; (b) a copy of the certificate of formation and all certificates of amendment and restatement thereof, together with executed copies of any powers of attorney pursuant to which any certificate has been executed; (c) copies of any then effective limited liability company agreement; and (d) unless contained in the certificate of formation or the limited liability company agreement, a writing setting out: (i) the amount of cash and a description and statement of the agreed value of the other property or services contributed by each member and which each member has agreed to contribute; (ii) the times at which or events on the happening of which any additional contributions agreed to be made by each member are to be made; and (iii) any events upon the happening of which the limited liability company is to be dissolved and its affairs wound up. 

(2)  The records specified under this section are subject to inspection and copying at the reasonable request, and at the expense, of any member or manager during ordinary business hours. 

(3)  The failure of the limited liability company to maintain the foregoing required records shall not, for this reason, cause any member to be liable for any debt, obligation or liability of the limited liability company. 
 

Sources: Laws,  1994, ch. 402, § 7, eff from and after July 1, 1994.