Under the Model Business Corporation Act (MBCA),shareholders have a qualified but not absolute right to inspect:

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The Model Business Corporation Act (MBCA)grants shareholders an absolute right of inspection of an alphabetical listing of the shareholders entitled to notice of a meeting,including the number of shares owned.The MBCA also grants an absolute right of inspection of,among other things,the articles,bylaws,and minutes of shareholder meetings within the past three years.Shareholders have a qualified right to inspect other records,however.To inspect accounting records,board and committee minutes,and shareholder minutes more than three years old,a shareholder must make the demand in good faith and have a proper purpose.

Under the Model Business Corporation Act (MBCA),shareholders Have a Qualified