Board of Directors' Meetings Every state permits a shareholder to inspect the corporation's books and records. The standards a shareholder must meet to satisfy statutory requirements varies from state to state. Form 265 satisfies the more difficult standard, but can also be used in those states that set the more minimal standards.~ Form 265: DEMAND FOR INSPECTION OF BOOKS AND RECORDS~ DEMAND FOR INSPECTION OF BOOKS AND RECORDS Date: > , 19> . To: > , Secretary, > Corporation Subject: Demand for Inspection of Corporation's Books and Records The undersigned hereby states that he or she is the holder of > shares of the common stock of > Corporation, and that (1) that holding constitutes at least five percent of the outstanding stock of the Corporation and (2) the undersigned has held the aforementioned shares of stock for at least six months preceding this demand. The undersigned does hereby demand the opportunity to inspect the books and records of the Corporation, its stock ledger and the list of shareholders. The undersigned's purpose is a proper purpose in that it is being made The undersigned further states that he or she has never sold or offered for sale any list of shareholders of any corporation, nor has he or she aided, abetted or assisted any person in obtaining such a list or record for such purpose. Signature Notary Public