BYLAWS OF AAAII
Article 8 -BOOKS AND RECORDS
The Corporation shall keep correct and complete books and records of account. The Corporation books and records shall include:
1. A file-endorsed copy of all documents filed with the Texas Secretary of State relating to the Corporation, including, but not limited to, the articles of incorporation, any articles of amendment, restated articles, articles or merger, articles of consolidation, and statement of changes of registered office or registered agent.
2. A copy of the Bylaws and any amended versions or amendments to the Bylaws.
3. Minutes of the proceedings of the members, Board of Directors and committees having any authority of the Board of Directors.
4. A list of names and addresses of the members, directors, officers and any committee members of the Corporation.
5. A financial statement showing the assets, liabilities, and net worth of the Corporation at the end of the most recent fiscal year.
6. A financial statement showing the income and expenses of the Corporation for the most recent fiscal year.
7. All rulings, letters and other documents relating to the Corporation’s federal, state and local tax status.
8. The Corporation’s federal, state and local information or income tax returns for each of the Corporation’s three most recent tax years.
Any member director, officer or committee member of the Corporation may inspect and receive copies of all books and records of the Corporation required to be kept by the Bylaws. Such a person may inspect or receive copies if the person has a proper purpose related to the person’s interest in the Corporation and if the person submits request in writing. Any person entitled to inspect and copy the Corporation books and records may do so through his or her attorney or other duly authorized representative. A person entitled to inspect Corporation’s books and records may do so at a reasonable time no later than 5 working days after Corporation’s receipt of a proper written request. The Board of Directors may establish reasonable fees for copying the Corporation books and records by members. The fees may cover the cost of materials and labor. The Corporation shall provide requested copies of books and records no later than 5 working days after Corporation’s receipt of a proper written request.
Any members shall have the right to have an audit conducted of the Corporation’s books. The member requesting the audit shall bare the expense of the audit unless the member vote to authorize payment of the audit expenses. With the approval of the Board of Directors, the member requesting the audit may select the accounting firm to conduct the audit. A member may not exercise the rights to compel audits so as to subject the Corporation to an audit more than once in any fiscal year.