06.07.170 Shareholders’ Right to Inspect Records.
(1) A corporation shall keep at least the following records available for review by shareholders:
(A) Minutes of all shareholders’ meetings and board of director’s meetings;
(B) Appropriate accounting records;
(C) Current articles of incorporation, bylaws and shareholders’ agreements described in Chapter 06.07.170;
(D) Resolutions adopted by the board of directors.
(2) Upon thirty days written notice, a shareholder of the corporation is entitled to inspect but not copy the records referred to in subsection (1) above, subject to the following requirements:
(A) The shareholder’s demand must be made in good faith and for a proper purpose;
(B) The shareholder must describe in writing with reasonable particularity his or her purpose and the records he or she desires to inspect;
(C) The records must be directly connected with his or her purpose;
(D) The corporation may impose a reasonable charge covering the costs of labor and materials for copies of documents made for the shareholder; provided, however, that the charge may not exceed any estimates of such costs provided to the shareholder.
(3) A shareholder’s agent or attorney has the same inspection rights as the shareholder he or she represents.
(4) A corporation may take reasonable steps to prevent the dissemination of trade secrets, proprietary information or other commercially-sensitive information to persons other than shareholders.