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Can a shareholder inspect the books?

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Anonymous

18y ago
Updated: 8/16/2019

Corporate statutes, charters and bylaws often require the "right of inspection" by bona fide shareholders, absent nefarious intent (e.g., misappropriation of trade secrets).

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Wiki User

18y ago

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What is the process for a shareholder to exercise their right to inspect books and records of a company?

To exercise their right to inspect books and records of a company, a shareholder typically needs to submit a written request to the company's board of directors or management. The request should specify the documents they want to review and the purpose for the inspection. The company then has a legal obligation to provide access to the requested records within a reasonable timeframe. If the company refuses or delays the request, the shareholder may need to seek legal recourse to enforce their rights.


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