N.Y. Limited Liability Company Law § 1102: Records

§ 1102. Records. (a) Each domestic limited liability company shall

maintain the following records, which may, but need not, be maintained

in this state:

(1) if the limited liability company is managed by a manager or

managers, a current list of the full name set forth in alphabetical

order and last known mailing address of each such manager;

(2) a current list of the full name set forth in alphabetical order

and last known mailing address of each member together with the

contribution and the share of profits and losses of each member or

information from which such share can be readily derived;

(3) a copy of the articles of organization and all amendments thereto

or restatements thereof, together with executed copies of any powers of

attorney pursuant to which any certificate or amendment has been

executed;

(4) a copy of the operating agreement, any amendments thereto and any

amended and restated operating agreement; and

(5) a copy of the limited liability company's federal, state and local

income tax or information returns and reports, if any, for the three

most recent fiscal years.

(b) Any member may, subject to reasonable standards as may be set

forth in, or pursuant to, the operating agreement, inspect and copy at

his or her own expense, for any purpose reasonably related to the

member's interest as a member, the records referred to in subdivision

(a) of this section, any financial statements maintained by the limited

liability company for the three most recent fiscal years and other

information regarding the affairs of the limited liability company as is

just and reasonable.

(c) If provided in the operating agreement, certain members or

managers shall have the right to keep confidential from other members

for such period of time as such certain members or the managers deem

reasonable, any information which such certain members or the managers

reasonably believe to be in the nature of trade secrets or other

information the disclosure of which such certain members or the managers

in good faith believe is not in the best interest of the limited

liability company or its business or which the limited liability company

is required by law or by agreement with a third party to keep

confidential.

(d) A limited liability company may maintain its records in other than

a written form if such form is capable of conversion into written form

within a reasonable time.