State Ex Rel. G. M. Gustafson Co. v. Crookston Trust Co.

Peterson, Justice.

Plaintiff is the owner of about 18 percent of the stock of defendant trust company, which we were informed on the argument had become subsequent to decision below a national bank. By this proceeding in mandamus, plaintiff seeks to compel defendant to permit it as a stockholder to examine defendant’s books and records for the purposes, as plaintiff alleges, “of ascertaining the true value of plaintiff’s stock” and “of informing plaintiff as to the manner in which affairs of said trust company [defendant] have been and now are being conducted.”

In its answer, defendant…