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Md. Code Ann., Corps. & Ass'ns § 2-111

Showing this section's text as in effect on January 1, 2019 (in force January 1, 2019 – January 1, 2020). View current text →

(a) Each corporation shall keep correct and complete:

(1) Books and records of its accounts and transactions; and

(2) Minutes of the proceedings of its stockholders and board of directors and of any executive or other committee when exercising any of the powers of the board of directors.

(b) (1) The books and records of a corporation may be in written form or in any other form which can be converted within a reasonable time into written form for visual inspection.

(2) Minutes shall be recorded in written form but may be maintained in the form of a reproduction.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.