Choice "B" is correct. In general, a shareholder has a right to inspect the books and records of a corporation for purposes related to the stockholder's interest in the corporation. This right will be denied where the purpose is not reasonably related to their status as a shareholder. Obtaining stockholder names to create a retail mailing list is a personal purpose.
Choices "a", "d", and "c" are incorrect. The following reasons for shareholders to inspect the books of the corporation are reasonably related to their status as shareholders:
a. | To commence a stockholder's derivative suit. |
d. | To solicit stockholders to vote for a change in the board of directors. |
c. | To investigate possible management misconduct. |
