Loveman v. Tutwiler Inv. Co.

BOULDIN, Justice.

The right of a stockholder to inspect and examine the books and records of a private corporation is declared by statute, Code 1923, § 7001, which reads: “The stockholders of all such corporations have the right of access to, and of inspection and examination of, the books, records, and papers of the corporation, at reasonable and proper times.”

This statute, in force without change, for more than half a century, has been long construed and applied. We merely re-announce certain settled rulings thereon.

1. The statute is not merely a reenactment of the common law on the subject.…