A lost corporate minute book can be a major problem for both you and your corporation, as the corporate minute book is one of the most important business documents you and the corporation can have. Its purpose is to contain all the corporation’s important documents, such as the certificate of incorporation, articles of incorporation, along with records of important actions taken by the corporation, such as issuing shares, purchasing real estate, purchasing other businesses, obtaining various licenses. When borrowing mony from a bank, the bank will do it’s due diligence and ask to review your corporate minute book. The loss of the corporate minute book can be a catastrophic event for your corporation, so all possible steps should be made to keep it safe.