Sheila is a shareholder of Travels & Trips Inc. She has the right to inspect corporate books and records

Question

Sheila is a shareholder of Travels & Trips Inc. She has the right to inspect corporate books and records​

Quizplus · Accepted Answer

Shareholders generally have the right to inspect corporate books and records for a proper purpose, such as to investigate potential mismanagement or for financial analysis. However, there may be some restrictions or requirements, such as making a written request or providing a specific purpose for the inspection. Being a director is not a necessary condition for shareholders to have the right to inspect corporate books and records. Under certain circumstances, such as protecting trade secrets, a corporation may be able to withhold certain information from shareholders. Therefore, options A, B, and D are incorrect.

Sheila Is a Shareholder of Travels & Trips Inc