Kentucky Statutes 271B.16-030 – Scope of inspection right
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(1) A shareholder‘s agent or attorney shall have the same inspection and copying rights as the shareholder he represents.
(2) The right to copy records under KRS § 271B.16-020 shall include, if reasonable, the right to receive copies made by photographic, xerographic, or other means.
(3) 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 shall not exceed the estimated cost of production or reproduction of the records.
(4) The corporation may comply with a shareholder’s demand to inspect the record of shareholders under subsection (2)(c) of KRS § 271B.16-020 by providing him with a list of its shareholders that was compiled no earlier than the date of the shareholder’s demand.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 169, effective January 1, 1989.
(2) The right to copy records under KRS § 271B.16-020 shall include, if reasonable, the right to receive copies made by photographic, xerographic, or other means.
Terms Used In Kentucky Statutes 271B.16-030
- Attorney: means attorney-at-law. See Kentucky Statutes 446.010
- 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: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Shareholder: means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation. See Kentucky Statutes 271B.1-400
(3) 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 shall not exceed the estimated cost of production or reproduction of the records.
(4) The corporation may comply with a shareholder’s demand to inspect the record of shareholders under subsection (2)(c) of KRS § 271B.16-020 by providing him with a list of its shareholders that was compiled no earlier than the date of the shareholder’s demand.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 169, effective January 1, 1989.