The right of a shareholder to examine the books and records of the corporation is a valuable right.However,it may be denied if the shareholder:
A) seeks information to determine the financial condition of the corporation.
B) desires to know the amount of executive salaries.
C) seeks information to embarrass or cause loss to the corporation.
D) desires the names and addresses of other shareholders.

Question

Quizplus · Accepted Answer

The right of a shareholder to examine the books and records of the corporation may be denied if the shareholder seeks information to embarrass or cause loss to the corporation. This is because the purpose of the shareholder's right to examine the books and records is to allow them to make informed decisions regarding their investment, not to harm the corporation. The other choices are not valid reasons for denying a shareholder's right to examine the books and records.

The Right of a Shareholder to Examine the Books and Records