Section 1316. Record of members  


Latest version.
  • (a)    Any  resident  of  this  state  who shall have been a member of
      record, for at least six months immediately preceding his demand,  of  a
      foreign corporation conducting activities in this state, or any resident
      of  this  state  authorized  in  writing by at least five percent of the
      members, entitled to vote, of the foreign  corporation,  upon  at  least
      five  days'  written  demand  may  require  such  foreign corporation to
      produce a record of its members setting forth the names and addresses of
      all members, the number and class of capital certificates held  by  each
      and  the  dates  when  they  respectively  became  the  owners of record
      thereof, and shall have the right to examine in person or  by  agent  or
      attorney  at  the  office of the foreign corporation in this state or at
      the office of its transfer agent or registrar in this state or  at  such
      other place in any county in this state in which the foreign corporation
      is conducting activities as may be designated by the foreign corporation
      during the usual business hours, a record of members or an exact copy of
      the  record  of members certified as correct by the corporate officer or
      agent responsible for keeping or  producing  such  record  and  to  make
      extracts therefrom.  In the case of a foreign corporation having shares,
      a  record  of  shareholders  shall  for  the  purpose of this section be
      regarded  as  a  record  of  members,  and  holders  of   voting   trust
      certificates  representing  such  shares  shall  for the purpose of this
      section be regarded as members.
        (b)  An examination authorized by paragraph (a) may be denied to  such
      member  or  other  person  upon  his  refusal  to furnish to the foreign
      corporation or its transfer agent or registrar an  affidavit  that  such
      inspection  is  not desired for a purpose which is in the interests of a
      business or object other than the activities of the foreign  corporation
      and  that  such member or other person has not within five years sold or
      offered for sale any list or record of members of any corporation of any
      type or kind, whether or not formed under the laws  of  this  state,  or
      aided  or  abetted  any  person  in procuring any such list or record of
      members for any such purpose.
        (c)  Upon refusal by the foreign corporation or by an officer or agent
      of the foreign corporation to produce for examination or  to  permit  an
      examination  of  the  record  of  members as herein provided, the person
      making the demand for  production  and  examination  may  apply  to  the
      supreme  court  in the judicial district where the office of the foreign
      corporation within this state is located, upon such notice as the  court
      may  direct, for an order directing the foreign corporation, its officer
      or agent, to show cause why an order should  not  be  granted  directing
      such  production and permitting such examination by the applicant.  Upon
      the return day of the order to show cause,  the  court  shall  hear  the
      parties summarily, by affidavit or otherwise, and if it appears that the
      applicant is qualified and entitled to such examination, the court shall
      grant  an  order compelling such production for examination and awarding
      such further relief as to the court may seem just and proper.
        (d)  Nothing herein contained shall impair  the  power  of  courts  to
      compel  the  production  for  examination  of  the  books  of  a foreign
      corporation.  The record of members specified in paragraph (a) shall  be
      prima  facie  evidence  of  the  facts  therein  stated  in favor of the
      plaintiff in any action  or  special  proceeding  against  such  foreign
      corporation or any of its officers, directors or members.