2010 North Carolina Code
Chapter 55 North Carolina Business Corporation Act.
Article 16 - Records and Reports.
55-16-03. Scope of inspection right.
55‑16‑03. Scope of inspection right.
(a) A shareholder's agent or attorney has the same inspection and copying rights as the shareholder represented.
(b) The right to copy records under G.S. 55‑16‑02 includes, if reasonable, the right to receive copies by xerographic or other means, including copies through an electronic transmission if available and so requested by the shareholder.
(c) The corporation may impose a reasonable charge, covering the costs of labor and material, for producing for inspection or copying any records provided to the shareholder. The charge may not exceed the estimated cost of production, reproduction, or transmission of the records.
(d) The corporation may comply with a shareholder's demand to inspect the record of shareholders under G.S. 55‑16‑02(b)(3) by providing the shareholder with a list of its shareholders that was compiled no earlier than the date of the shareholder's demand. (1901, c. 2, s. 49; Rev., s. 1179; C.S., s. 1172; G.S., s. 55‑109; 1955, c. 1371, s. 1; 1965, c. 609; 1973, c. 469, s. 11; 1989, c. 265, s. 1; 2005‑268, s. 35.)
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