New Jersey § 15a:5-24
Full text of New Jersey New Jersey Statutes § 15a:5-24, with citation guidance and answers to common questions.
§ 15a:5-24.
a. Each corporation shall keep books and records of account and minutes of the proceedings
of its members and board and executive committee, if any. Unless otherwise provided in the bylaws, the books, records and minutes may be kept
outside this State. The corporation shall make available for inspection at its registered office, in
this State, or at its principal office if it is in this State, records containing
the names and addresses of all members, the number, class and series of memberships
held by each and the dates when they respectively became members of record thereof,
within 10 days after demand by a member entitled to inspect them, as defined in subsection
c. of this section. The foregoing books, minutes or records may be in written form or in any other form
capable of being converted into written form within a reasonable time. A corporation shall convert into written form without charge any records not in
that form, upon the written request of any person entitled to inspect them. b. Upon the written request of any member, the corporation shall mail to that member
its balance sheet as at the end of the preceding fiscal year, and its statement of
income and expenses for that fiscal year. c. Any person who shall have been a member of record of a corporation for at least
6 months immediately preceding that person's demand, or any person holding, or so
authorized in writing by the members holding, at least 5% of the memberships of any
class or series, upon at least 5 days' written demand, shall have the right for any
proper purpose to examine in person or by agent or attorney, during usual business
hours, its minutes of the proceedings of its members and record of members and to
make extracts therefrom, at the places where the same are kept pursuant to subsection
a. of this section. d. This section shall not impair the right of any court, upon proof of a member of
proper purpose, irrespective of the period of time during which the member shall have
been a member of record, and irrespective of the total number of memberships held
by that person, to compel the production for examination by the member of the books
and records of account, minutes and record of members of a corporation.
Frequently Asked Questions About New Jersey § 15a:5-24
What does New Jersey Statutes § 15a:5-24 cover?
Section 15a:5-24 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 15a:5-24?
A common citation format is "New Jersey Statutes § 15a:5-24" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 15a:5-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.