Reference Case: Jiao Mou v. Jinzhu Company and Ding Mou
Where a shareholder has made the required written demand, the court should order access to the charter, meeting records, financial reports, accounting books, and accounting vouchers unless the company can show a legitimate ground for refusal. Mere abstract suspicion of an improper purpose is insufficient to defeat inspection rights.
Holding
Where a shareholder has made the required written demand, the court should order access to the charter, meeting records, financial reports, accounting books, and accounting vouchers unless the company can show a legitimate ground for refusal. Mere abstract suspicion of an improper purpose is insufficient to defeat inspection rights.
Issues
written pre-suit demandinspection of accounting vouchersburden on improper purpose