Comments on: What inspection and information rights does a stockholder have?

By: Yokum

Yokum — Sun, 23 Aug 2009 09:59:46 +0000

@hal1931 – depends on the state of incorporation and whether you have a proper purpose.

By: Yokum

Yokum — Sun, 23 Aug 2009 03:59:46 +0000

@hal1931 – depends on the state of incorporation and whether you have a proper purpose.

By: hal1931

hal1931 — Mon, 17 Aug 2009 18:13:03 +0000

I am a minority stockholder in a small community bank. I know most of the other stockholders except for a few. I would like to have their names and addresses so I can contact them with my ideas about the future of the bank. I presume I have a right to their names and addresses. If the bank refuses to furnish them to me, I also presume I can get a local atty to inspect the bank records on my behalf. Correct?

By: Yokum

Yokum — Sun, 19 Jul 2009 04:57:10 +0000

@jpsmom – I'm not familiar with how this would work without reviewing the relevant documents. (Note – this isn't an invitation to send me them. Please check would the company's counsel.)

By: jpsmom

jpsmom — Thu, 16 Jul 2009 23:59:51 +0000

I belong to a small corporation and we pay annual maintenance dues, if our dues are not current at the time of the annual meeting we are not allowed to vote, we vote on Directors and an annual budget and maybe some other things that might need attention. What I need to know is can a stockholder that is not in good standing vote a proxy for a stockholder that is in good standing. The Board is trying to write new by-laws and this question is very important.
Thank You for any help you can give

By: Yokum

Yokum — Wed, 10 Jun 2009 03:10:20 +0000

@Roberta – Get a valution of the business done by a third party.

By: Roberta

Roberta — Fri, 05 Jun 2009 18:56:36 +0000

I am a 49% owner in the Real Willard Water located in Rapid City, SD. I have been offered a small sum of money to sell my shares to the family. How can I tell if it is a good price or not?

By: Yokum

Yokum — Fri, 09 Jan 2009 01:05:54 +0000

@DW – Please consult with your own counsel. Most companies would request a confidentiality agreement before providing documents.

By: Disgruntled worker

Disgruntled worker — Thu, 08 Jan 2009 19:16:17 +0000

I am a minority shareholder who is attempting to obtain information from a company that I was recenty fired from. The company attorney is requiring a Confidentiality Agreement which I indicated would be executed when they deliver the requested documents. They are insisting that the document be executed a few days in advance. Do I have any legal standing to wait until the information exchange? This has been a acrimonious relationship with quite the history. I would love to sue, and have been told we have a good case, if we are willing to put up the $200,000+ in advance. So far, I am fighting this battle on my own. Any suggestions?