2010 Maryland Code
CORPORATIONS AND ASSOCIATIONS
TITLE 2 - CORPORATIONS IN GENERAL - FORMATION, ORGANIZATION, AND OPERATION
Subtitle 1 - Formation and Powers
Section 2-111 - Books and records.
§ 2-111. Books and records.
(a) Records of accounts and minutes to be correct and complete.- Each corporation shall keep correct and complete:
(1) Books and records of its accounts and transactions; and
(2) Minutes of the proceedings of its stockholders and board of directors and of any executive or other committee when exercising any of the powers of the board of directors.
(b) Form of records and minutes.-
(1) The books and records of a corporation may be in written form or in any other form which can be converted within a reasonable time into written form for visual inspection.
(2) Minutes shall be recorded in written form but may be maintained in the form of a reproduction.
[An. Code 1957, art. 23, § 49; 1975, ch. 311, § 2.]
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