LLC Member Books, Records, and Information Demands in Alaska
At a glance
| Governing law and requester | Alaska LLC Act AS 10.50.860–.880; current member inspects through self, agent or attorney; management information goes to member or deceased/disabled member’s legal representative (§§ 10.50.870(a), .880). |
|---|---|
| Records the LLC keeps | Unless operating agreement differs, main office keeps current/past member-manager lists, articles/amendments/powers, three recent years of tax/financial records or substitutes, operating agreements, and contribution/dissolution/agreement-required writings (§ 10.50.860). |
| Member access without demand | Member may inspect/copy directly connected books/account records, minutes and member record on proper-purpose written demand; managers or member-managers furnish true/full matters affecting members as just/reasonable (§§ 10.50.870(a), .880). |
| Demand and inspection terms | Written demand states inspection purpose with reasonable particularity; in person or by agent/attorney at reasonable time, for proper purpose; registered or in-state principal office; only records directly connected to purpose (§ 10.50.870(a)). |
| Managers and former members | Member-managed members or manager-managed manager owe information duty to member or specified representative; § 10.50.870 names current members and does not state a former-member route (§§ 10.50.870(a), .880). |
| Response, copies and cost | Inspection/copying at registered or in-state principal office at reasonable time; § 10.50.870 sets no calendar response deadline or statutory copying-price formula. |
| Confidentiality and agreement | Operating agreement may vary § 10.50.860 recordkeeping; § 10.50.870(b) makes prior improper inspection-information use, bad faith and improper purpose defenses to the refusal penalty. |
| Court enforcement | Court may compel on proof of proper demand/purpose. Refusing manager/member/LLC may owe greater of 10% interest value or $5,000 plus other damages/remedy, subject to statutory defenses (§ 10.50.870(b)–(c)). |
| Scope and outcome limits | Proper purpose, direct record connection, just/reasonable information and penalty defenses require facts under §§ 10.50.870–.880; no discovery, valuation or outcome predicted. |
Requirements one by one
Records and their location
Unless the operating agreement provides otherwise, Alaska Stat. § 10.50.860 requires the LLC to keep at its main office current and past member/manager names and addresses, articles and amendments with signing powers, three recent years of tax returns and financial statements or tax-preparation substitutes, current and former operating agreements, and specified contribution, dissolution and agreement-required documents.
Written inspection demand and information
§ 10.50.870(a) requires a written demand stating the inspection purpose with reasonable particularity. A member, agent or attorney may inspect at a reasonable time and for a proper purpose at the registered office or in-state principal office. The reachable materials are account books and records, minutes, and member records directly connected to the stated purpose. The manager, or member-managers in a member-managed LLC, must provide true and full information of matters affecting members to a member or the specified legal representative insofar as just and reasonable (§ 10.50.880).
Refusal and court relief
On proof of a properly made demand and proper purpose, a court can compel production of the listed records (§ 10.50.870(c)). A manager, member or LLC that refuses proper access can be liable for a penalty equal to the greater of 10% of the requesting member’s LLC-interest value or $5,000, plus other available damages or remedies (§ 10.50.870(b)). That subsection provides defenses for selling or offering a member list within two years, assisting procurement for that purpose, improper prior use of inspection information, or a demand lacking good faith or proper purpose. Whether those elements or defenses are met depends on the facts.
Common questions
Can a member inspect every company document? Section 10.50.870(a) confines this inspection route to account books and records, minutes, and member records directly connected to the stated proper purpose.
Does a former member retain this inspection route? Section 10.50.870(a) grants it to a member and does not state a separate former-member right. Status and other applicable rights require case-specific review.
Statutes and sources
- Alaska Stat. § 10.50.860 — retained records. Official Alaska Legislature, accessed September 26, 2026.
- Alaska Stat. § 10.50.870 — inspection, penalty defenses and court relief. Official Alaska Legislature, accessed September 26, 2026.
- Alaska Stat. § 10.50.880 — information duty. Official Alaska Legislature, accessed September 26, 2026.
Source links
Every statute quoted above, linked, with the date we checked it.
What does Alaska law mean for your facts?
You just read the general rule. Ask your own question and see which parts of current Alaska law apply to your situation, with citations you can check.
Opens in Ezel Pro.
- Starts from the statutes this survey is built on
- Cites every source it relies on, so you can verify it
- Chat, drafting and research in one workspace