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Illinois Corporate Records Maintenance Package for Existing Corporations  Form

Illinois Corporate Records Maintenance Package for Existing Corporations Form

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Instructions and help about Illinois Corporate Records Maintenance Package For Existing Corporations

the following BL TV program is brought to you by O'Flaherty law please enjoy today we're gonna talk about a shareholders right to inspect company records for Illinois LLC's and corporations will talk about corporations first and then we'll move on to LLC's so corporations the Illinois Business Corporation Act provides that shareholders of a corporation are entitled to access of the following types of documents for a proper purpose the complete books and accounting records of the company meeting minutes of shareholders and directors and records of the identity of the corporation shareholders this is not an exclusive list Illinois case law has established that if a proper purpose exists the shareholder has a right to inspect all books and books and records necessary to make an intelligent and searching investigation in order to better protect his or her interests so the term proper purpose is very important because as long as there's a prop

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