181.1601 Corporate records.

(1) Minutes and records of action. A corporation shall keep as permanent records minutes of all meetings of its members and board, a record of all actions taken by the members or directors without a meeting, and a record of all actions taken by committees of the board as authorized under s. 181.0825.

(2) Accounting records. A corporation shall maintain appropriate accounting records.

(3) Membership records. A corporation or its agent shall maintain a record of its members in a form that permits preparation of a list of the name and address of all members, in alphabetical order by class, showing the number of votes each member is entitled to cast.

(4) Form. A corporation shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.

(5) Copies at principal office. A corporation shall keep a copy of all of the following records at its principal office:

(a) Its articles of incorporation and all amendments to them currently in effect.

(b) Its bylaws or restated bylaws and all amendments to them currently in effect.

(c) Resolutions adopted by its board relating to the characteristics, qualifications, rights, limitations and obligations of members or any class or category of members.

(d) The minutes of all meetings of members and records of all actions approved by the members for the past 3 years.

(e) The financial statements furnished for the past 3 years under s. 181.1620.

(f) A list of the names and business or home addresses of its current directors and officers.

(g) Its most recent annual report delivered to the department under s. 181.1622.

History: 1997 a. 79.