Erin, a shareholder of Finance Inc., demands the right to inspect corporate records to determine whether management has engaged in self-dealing that impacts the company. The firm refuses the request. On Erin's challenge, a court is most likely to hold that her request constitutes

Question

Quizplus · Accepted Answer

Erin's request to inspect corporate records to determine if management has engaged in self-dealing that impacts the company is considered a proper purpose. Shareholders have the right to inspect records when they have a legitimate concern about the management's actions affecting the company.

Erin, a Shareholder of Finance Inc