The right of a shareholder to examine the books and records of the corporation may be denied if the shareholder:
A) seeks information to determine the financial condition of the corporation.
B) seeks information to embarrass or cause loss to the corporation.
C) desires the names and addresses of other shareholders.
D) desires to know the value of shares.

Question

Quizplus · Accepted Answer

The right of a shareholder to examine the books and records can be denied if the purpose is to harm the corporation, such as seeking information to embarrass or cause loss to the corporation.

The Right of a Shareholder to Examine the Books and Records