Source: https://code.dccouncil.us/dc/council/code/sections/29-804.10.html
Timestamp: 2019-04-20 22:37:41+00:00

Document:
D.C. Law Library - § 29–804.10. Right of members, managers, and dissociated members to information.
↪ § 29–804.10. Right of members, managers, and dissociated members to information.
(1) On reasonable notice, a member may inspect and copy during regular business hours, at a reasonable location specified by the company, any record maintained by the company regarding the company’s activities and affairs, financial condition, and other circumstances, to the extent the information is material to the member’s rights and duties under the operating agreement or this chapter.
(B) On demand, any other information concerning the company’s activities and affairs, financial condition, and other circumstances, except to the extent the demand or information demanded is unreasonable or otherwise improper under the circumstances.
(3) The duty to furnish information under paragraph (2) of this subsection shall also apply to each member to the extent the member knows any of the information described in paragraph (2) of this subsection.
(1) The informational rights stated in subsection (a) of this section and the duty stated in subsection (a)(3) of this section apply to the managers and not the members.
(C) The information sought is directly connected to the member’s purpose.
(B) If the company declines to provide any demanded information, the company’s reasons for declining.
(4) Whenever this chapter or an operating agreement provides for a member to give or withhold consent to a matter, before the consent is given or withheld, the company shall, without demand, provide the member with all information that is known to the company and is material to the member’s decision.
(c) On 10 days’ demand made in a record received by a limited liability company, a dissociated member shall have access to information to which the person was entitled while a member if the information pertains to the period during which the person was a member, the person seeks the information in good faith, and the person satisfies the requirements imposed on a member by subsection (b)(2) of this section. The company shall respond to a demand made pursuant to this subsection in the manner provided in subsection (b)(3) of this section.
(d) A limited liability company may charge a person that makes a demand under this section the reasonable costs of copying, limited to the costs of labor and material.
(e) A member or dissociated member may exercise rights under this section through an agent or, in the case of an individual under legal disability, a legal representative. Any restriction or condition imposed by the operating agreement or under subsection (g) of this section shall apply both to the agent or legal representative and the member or dissociated member.
(f) The rights under this section shall not extend to a person as transferee.
(g) In addition to any restriction or condition stated in its operating agreement, a limited liability company, as a matter within the ordinary course of its activities and affairs, may impose reasonable restrictions and conditions on access to and use of information to be furnished under this section, including designating information confidential and imposing nondisclosure and safeguarding obligations on the recipient. In a dispute concerning the reasonableness of a restriction under this subsection, the company shall have the burden of proving reasonableness.
This section is referenced in § 29-801.07, § 29-805.04, and § 29-808.05.
The 2013 amendment by D.C. Law 19-210 substituted “activities and affairs” for “activities” throughout the section.
Uniform Law: This section is based on § 410 of the Uniform Limited Company Act (2006 Act).

References: § 29
 § 29
 § 29
 § 29
 § 29
 § 410