Business and e-mail

[nasdaqsam]

What is the name of your state (only U.S. law)? NY
I thought I read somewhere that is was a law that all electronic communication (E-mail) in a business had to retained. Our particular business is housing and we are beginning to do a lot of communicating with potential and existing customers/clients via E-mail.

I have searched for an answer to this with out success.

Is this in fact true?

Regards

 

[seniorjudge]

I thought I read somewhere that is was a law that all electronic communication (E-mail) in a business had to retained.

What kind of business?

 

[Some Random Guy]

For larger publicly traded companies that fall under the Sarbanes-Oxley regulations, the SOX law has been interpreted to mean that all relevant electronic comminucation, including e-mail, must be kept forever. Most sane people want this changed to that it is not quite so costly, but that's the law for now.

If you do not fall under this law, you are still required to store e-mails that may pertain to any pending or threatened litigation. Destruction of those e-mails, evern inadvertently, may cause you be heavily sanctioned by the court.