The Revised Act provides that every shareholder is entitled to examine specified corporate records upon prior signed written request if the demand is made in good faith, for a proper purpose, and during regular business hours at the corporation's principal office.

Question

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The Revised Model Business Corporation Act (RMBCA) allows shareholders to inspect and copy certain corporate records, including minutes of shareholder meetings, accounting records, and the record of shareholders, provided the request is made in good faith, for a proper purpose, and at a reasonable time, typically during regular business hours at the corporation's principal office. This provision is designed to ensure transparency and accountability by granting shareholders access to important corporate information.

The Revised Act Provides That Every Shareholder Is Entitled to Examine