(1) This section applies if:
- (a)
- a corporation records, otherwise than in
writing, matters ( the stored matters ) this Act requires to be contained in a
book; and
- (b)
- the record of the stored matters is kept at a place ( the place of storage
) other than the place ( the place of inspection ) where the book is, apart
from this section, required to be kept; and
- (c)
- at the place of inspection means are provided by which the stored matters
are made available for inspection in written form; and
- (d)
- the corporation has lodged a notice:
- (i)
- stating that this section is to apply in respect of:
(A) except where sub-subparagraph (B) appliesthe book; or
(B) if the stored matters are only some of the information
that is required to be contained in the bookthe
book and matters that are of the same kind as the stored
matters; and
- (ii)
- specifying the situation of the place
of storage and the place of inspection.
(2) Subject to subsection (4), the corporation is taken to have complied
with the requirements of this Act as to the location of the book, but only in
so far as the book is required to contain the stored matters.
(3) Subject to subsection (4), for the purposes of the application of
subsection 1085(3) and section 1300 in relation to the corporation and
the book, the book is taken to be kept at the place of inspection, even though
the record of the stored matters is kept at the place of storage.
(4) If:
- (a)
- the situation of the place of storage or the place of inspection
changes; and
- (b)
- the corporation does not lodge notice of the change within 14 days after
the change;
this section, as it applies to the corporation because of the lodging of the
notice referred to in paragraph (1)(d), ceases to so apply at the end of
that period of 14 days.