Pick v. Wesbar Stamping Corp.

The trial court denied the petition for the inspection of respondent’s books of account and records principally on the ground that Pick is in a position, as an officer and the manager of a competitive business, where he cannot exercise his full right, under sec. 182.10, Stats., as a stockholder of the respondent corporation because to do so he necessarily must exceed any right or authority, which he may have, to the certain detriment of the respondent. In view of the provisions of sec. 182.10, Stats., and the manner in which they have been consistently construed and applied in the decisions…