Reference Case: Xia Feng v. Jiushe Company
The court held that because the company and other actual shareholders had acknowledged the claimant's beneficial shareholder status, inspection rights could be exercised. After a proper written demand and absent any improper purpose, the shareholder could inspect the charter, shareholder records, financial reports, and accounting books, but not ordinarily copy the books; inspection of accounting vouchers required a further showing that the books appeared unreliable or that voucher access was reasonably necessary.
Holding
The court held that because the company and other actual shareholders had acknowledged the claimant's beneficial shareholder status, inspection rights could be exercised. After a proper written demand and absent any improper purpose, the shareholder could inspect the charter, shareholder records, financial reports, and accounting books, but not ordinarily copy the books; inspection of accounting vouchers required a further showing that the books appeared unreliable or that voucher access was reasonably necessary.