(a) 
The Corporation shall keep correct and complete books and records of account and shall keep minutes of the proceedings of its Board of Directors.
(b) 
Any books, records and minutes may be in written form or in any other form capable of being converted into written form within a reasonable time.
(a) 
The Corporation must file an annual audited financial statement with the Tribal Council.
(b) 
The audited financial statement must include all income from whatever sources, including but not limited to federal, state or private grants, enterprises, profits, and all expenditures of whatever nature.
(c) 
All financial records of the Corporation are considered the public property of the Grand Traverse Band of Ottawa and Chippewa Indians.
(d) 
Access to the financial records shall be determined and controlled by the Grand Traverse Band Tribal Council.
(1) 
In no event shall access to financial records be denied to a Tribal Councilor acting pursuant to Tribal Council authority.
(2) 
Such financial statements may be consolidated statements of the Corporation and one or more of its subsidiaries.
The Board of Directors of the Corporation shall, no less frequently than quarterly, report in writing to the shareholder on the financial and operating condition of the Corporation, including its assets, liabilities, and operating results.
The financial and operating records of the Corporation shall at all reasonable times be open to inspection by the representative(s) of the shareholder designated by resolution of the Tribal Council of the Grand Traverse Band.
The Corporation shall, within 120 days following the close of the Corporation's fiscal year, submit to the shareholder an audited (or unaudited if approved by the shareholder) financial statement reflecting the financial status of the Corporation as of the last day of the Corporation's fiscal year.