(1) A limited liability company shall keep at its principal place of business the following:
(a) A current and a past list, setting forth the full name and last known mailing address of each member and manager, if any;
(b) A copy of its certificate of formation and all amendments thereto;
(c) A copy of its current limited liability company agreement and all amendments thereto, and a copy of any prior agreements no longer in effect;
(d) Unless contained in its certificate of formation or limited liability company agreement, a written statement of:
(i) The amount of cash and a description of the agreed value of the other property or services contributed by each member (including that member's predecessors in interest), and which each member has agreed to contribute;
(ii) The times at which or events on the happening of which any additional contributions agreed to be made by each member are to be made; and
(iii) Any right of any member to receive distributions which include a return of all or any part of the member's contribution.
(e) A copy of the limited liability company's federal, state, and local tax returns and reports, if any, for the three most recent years; and
(f) A copy of any financial statements of the limited liability company for the three most recent years.
(2) The records required by subsection (1) of this section to be kept by a limited liability company are subject to inspection and copying at the reasonable request, and at the expense, of any member during ordinary business hours. A member's agent or attorney has the same inspection and copying rights as the member.
(3) Each manager shall have the right to examine all of the information described in subsection (1) of this section for a purpose reasonably related to his or her position as a manager.
(4) A limited liability company may maintain its records in other than a written form if such form is capable of conversion into written form within a reasonable time.
(5) Any action to enforce any right arising under this section shall be brought in the superior courts.
[1994 c 211 § 305.]