Business Law: Rights of Shareholders


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Several recent college graduates perfect a new beer that uses large amounts of garlic in the brewing process. They form a corporation called Garlicbrew, Inc. to produce and market this beer. Nance buys 100 shares of the 10,000 shares in Garlicbrew’s initial public offering. Nance wants access to corporate records in order to learn more about the company so she can be a more informed shareholder. She also wants to learn about Garlicbrew because she is considering starting a company to develop and market a beer that uses onions in the brewing process. The corporate officers refuse to let Nance have access to any records of the corporation. Can Nance force the officers to allow her access?

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