This is an extract of our Shareholder Information Rights And Record Of Ownership document, which we sell as part of our Business Association (Duke Cox) Outlines collection written by the top tier of Duke University School Of Law students.
The following is a more accessble plain text extract of the PDF sample above, taken from our Business Association (Duke Cox) Outlines. Due to the challenges of extracting text from PDFs, it will have odd formatting:
Shareholder Information Rights & Record of Ownership A. Shareholder Information Rights a. Shareholders have a right of access to inspect corporation's books and records if they allege a proper purpose
1. SH must be factually capable of having the alleged purpose
2. The right is restricted to the corporation in which the SH holds shares b. SS 16.02
1. NOTICE ONLY---NO ARTICULATION OF PURPOSE NECESSARY. 1) (a) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at the corporation's principle office, any of the records of the corporation described in section 16.01(e) if he gives the corporation written notice of his demand at least five business days before the date on which he wishes to inspect and copy: 2) SS 16.01(e) (1) articles of incorporation, amendments, notices to shareholders, (2) bylaws and amendments, (3) board resolutions creating shares or modifying shareholder rights, (4) minutes of shareholder meetings, (5) all written communications to shareholders, (6) a list of directors and officers, (7) most recent annual report.
2. Requires Notice + AN ARTICULATION OF PURPOSE 1) (c) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at a reasonable location specified by the corporation, any of the following records of the corporation if the shareholder meets the requirements of subsection (d) and gives the corporation written notice of his demand at least five business days before the date on which he wishes to inspect and copy: 2) (1) excerpts from minutes of any meeting of the board of directors or shareholders, records of board committee action, records of shareholder or board action
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