Under the Revised Model Business Corporation Act, which of the following statements is correct regarding a shareholder's right to inspect corporate books and records?

A shareholder has an absolute right to inspect all corporate records, including board minutes and accounting records, without stating a purpose.

A shareholder may inspect the minutes of board meetings and accounting records only if the demand is made in good faith and for a proper purpose.

A shareholder must own at least 5% of the outstanding shares to have any inspection rights.

A shareholder has no right to inspect the shareholder list.