Chapter 7. Records
700. Minute Book

The corporation shall keep or cause to be kept a minute book that shall contain:

The record of all meetings of the Board of Directors including date, place, those attending and the proceedings thereof, a copy of the notice of the meeting and when and how given, written waivers of notice of meeting, written consents to holding meeting, written approvals of minutes of meeting, and unanimous written consents to action of the Board of Directors without a meeting, and similarly as to meetings of committees of the Board of Directors established pursuant to paragraph (b) of Section 207 of the bylaws and as to meetings or written consents of the incorporator or incorporators of the corporation prior to the appointment of the initial Board of Directors.

The record of all meetings including date, place, members present in person or by proxy (if proxies are permitted), proxies used, and the proceedings thereof, a copy of the notice of meeting and when and how given, any affidavit as to the mailing or giving of notice, written waivers of notice of meeting, written consents to the holding of the meeting, written approvals of the minutes of the meeting, unanimous written consents of members to action without a meeting and the report of action by members by written ballot, including a copy of the form of written ballot and any affidavit as to the mailing of written ballots.

A copy of the articles of incorporation and all amendments thereof and a copy of certificates filed with the Secretary of State

A copy of the bylaws as amended duly certified by the Secretary.

701. Annual report

Financial statements shall be prepared not later than 120 days after the close of the fiscal year. The financial statements shall contain in appropriate detail a balance sheet as of the end of the fiscal year, an income statement for the fiscal year and a statement of changes in financial position for the fiscal year.

Any report furnished to Directors or members of the corporation which includes the financial statements prescribed by paragraph (a) shall be accompanied by any report thereon of independent accountants; or, if there is no such report, the certificate of an authorized officer of the corporation that such statements were prepared without audit from the books and records of the corporation.

A report including the financial statements prescribed by paragraph (a) shall be furnished annually to all Directors of the corporation.

The corporation shall notify each member annually of the member's right to receive a financial report pursuant to section 8321 of the Corporations Code and Section 701 of the bylaws. Upon written request of a member, the corporation shall send the most recent annual report to the requesting member. In addition to the financial statements prepared in accordance with paragraph (a), the report sent to a member shall include a statement informing the member of the place where the record of the names and addresses of the current members is located.

Notwithstanding paragraph (d) of this bylaw, neither an annual report nor financial statement shall be sent to the members of the corporation for any fiscal year of the corporation if the corporation did not have more than 100 members at any time during the year or if the corporation did not have more than $10,000 in assets at any time during the year.

702. Report of transactions and indemnifications

The corporation shall mail to all members a statement of any transaction between the corporation and one of its officers or Directors or of any indemnification paid any officer or director if, and to the extent, required by section 8322 of the Corporations Code. The statement may be included in the annual report mailed to members. If, pursuant to Section 701 of the bylaws, an annual report is not sent to members, the statement shall be mailed within 120 days after the close of the fiscal year.