                                 CODE OF VIRGINIA

SCOPE OF INSPECTION RIGHT (§ 13.1-772)

A. A shareholder may appoint an agent or attorney to exercise the
shareholder&#8217;s inspection and copying rights under &#xA7; 13.1-771.

B. The corporation may, if reasonable, satisfy the right of a shareholder to
copy records by furnishing the shareholder copies by photocopy or other means
chosen by the corporation, including furnishing copies through an electronic
transmission.

C. The corporation may comply with a shareholder&#8217;s demand to inspect the
record of shareholders under subdivision C 3 of &#xA7; 13.1-771 by providing the
shareholder with a list of its shareholders that was compiled no earlier than
the date of delivery of the shareholder&#8217;s demand.

D. The corporation may impose a reasonable charge to cover the costs of
providing copies of documents to the shareholder, which may be based on an
estimate of such costs.

HISTORY: Code 1950, § 13.1-47; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2005,
c. 765; 2010, c. 782; 2019, c. 734.