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) desires to know the value of shares.
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 can be denied if the intent is to harm the corporation, such as seeking information to embarrass or cause loss to the corporation. This is because the access is meant for legitimate purposes like evaluating the financial health of the company, not for causing harm.

The Right of a Shareholder to Examine the Books and Records