Title 11B, Title 11B: Nonprofit Corporations

§ 16.02. Inspection of records by members (a) Subject to subsection 16.03(c) of this title, a member is entitled to inspect and copy, at a reasonable time and location specified by the corporation, any of the records of the corporation described in subsection 16.01(e) of this tit…

§ 16.03. Scope of inspection right (a) A member’s agent or attorney has the same inspection and copying rights as the member the agent or attorney represents. (b) The right to copy records under section 16.02 of this title includes, if reasonable, the right to receive copies on c…

§ 16.04. Court-ordered inspection (a) If a corporation does not allow a member who complies with subsection 16.02(a) of this title to inspect and copy any records required by that subsection to be available for inspection, the Superior Court in the county where the corporation’s …

§ 16.05. Limitations on use of membership list (a) Without consent of the board, a membership list or any part thereof may not be obtained or used by any person for any purpose unrelated to a member’s interest as a member. Without limiting the generality of the foregoing, without…

§ 16.20. Financial statements for members (a) A corporation upon written demand from a member shall furnish that member its latest annual financial statements, which may be consolidated or combined statements of the corporation and one or more of its subsidiaries or affiliates, a…

§ 16.21. Report of indemnification to members If a corporation indemnifies or advances expenses to a director under section 8.51, 8.52, 8.53, or 8.54 of this title in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnificat…

§ 16.22. Biennial report for Secretary of State (a) Each domestic corporation, and each foreign corporation authorized to transact business in this State, shall deliver to the Secretary of State a biennial report on a form prescribed and furnished by the Secretary of State that s…

§ 17.01. Application to existing domestic corporations The provisions of this title shall apply to all existing corporations organized under any general or special act of this State providing for the organization of corporations for a purpose or purposes for which a corporation m…

§ 17.02. Application to qualified foreign corporations A foreign corporation authorized to transact business in this State on the effective date of this chapter is subject to this chapter but is not required to obtain a new certificate of authority to transact business under this…

§ 17.03. Savings provisions (a) Except as provided in subsection (b) of this section, the repeal of a statute by this chapter does not affect: (1) the operation of the statute or any action taken under it before its repeal; (2) any ratification, right, remedy, privilege, obligati…

§ 17.04. Severability If any provision of this chapter or its application to any person or circumstance is held invalid by a court of competent jurisdiction, the invalidity does not affect other provision or applications of the chapter that can be given effect without the invalid…

§ 17.05. Public benefit and mutual benefit corporations Each domestic corporation existing on the effective date of this chapter that is or becomes subject to this chapter shall be classified as a public benefit or a mutual benefit corporation as follows: (1) any corporation clas…