Form with which a shareholder may demand the opportunity to inspect the records of a corporation in which the shareholder holds stock.
North Carolina Demand Inspection of Books - Corporate Resolutions
State:
Multi-State
Control #:
US-0026-CR
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Demand Inspection Of Books - Corporate Resolutions?
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FAQ
Can A Company Deny A Shareholder's Request? A company has 5 days after receiving a proper demand to allow an inspection. If the company does not permit the inspection as described or puts unreasonable conditions on the inspection, the shareholder may seek court intervention.
The director, trustee, stockholder or member may inspect the corporate records in person or through a representative at reasonable hours on business days, as well as demand in writing and at his/her expense for copies of such records.
Only stockholders (which include directors) of the corporation or their representatives have the right to inspect corporate records.
Shareholders' Rights Shareholders have the right to inspect a corporation's articles of incorporation and bylaws, but only limited rights to inspect accounting books and no right to inspect corporate communications and contracts.
To obtain a writ of mandamus enforcing a common law right of inspection, the plaintiff shareholder must prove the following: (1) that he is a record or beneficial shareholder (regardless of number of shares or length of time held); (2) that he made a demand on the corporation for inspection of documents (not
Common shareholders are the last to have any debts paid from the liquidating company's assets. Common shareholders are granted six rights: voting power, ownership, the right to transfer ownership, dividends, the right to inspect corporate documents, and the right to sue for wrongful acts.
There are various remedies available to the shareholder where the right to inspect is violated, such as petition for inspection of corporate records with the competent court, complaint for damages or a criminal action against the person/s who denied the request to inspect on behalf of the corporation.
Shareholders' Rights Shareholders have the right to inspect a corporation's articles of incorporation and bylaws, but only limited rights to inspect accounting books and no right to inspect corporate communications and contracts.
The Basic Law:Specific statutes in the California Corporations Code provide shareholders the right to inspect bylaws, accounting books, records, minutes and financial statements. The California Corporations Code allows the court to enforce these rights.
Mortgagee or its representatives shall have the right to examine and make copies of all books and records and all supporting vouchers and data related to the Secured Property at reasonable times upon reasonable written notice to Grantor.