Thanks. My question was more for an on-going basis.
I think here in California one is required to keep minutes (of at least a C/S corporation) at least annually.
I do not think this is enforced or when it comes into play.
I think here in California one is required to keep minutes (of at least a C/S corporation) at least annually.
I do not think this is enforced or when it comes into play.
I honestly don't know how often you have to keep minutes. If I had to take a guess at it, I would say that corporate bylaws commonly require that a stockholder's meeting be held once per year. Honestly I don't know but I don't recall ever reading that even a stockholder meeting was required by law.
However - and again I am guessing - my expectation is that, were minutes required at all, failure to do so would be a civil rather than a criminal offense, and that the only ones with standing to sue would be the stockholders.
Whether that's a problem depends on the nature of your specific corporation.