Shelters, Inc. v. Reeve

Bell, Chief Judge.

Plaintiff, a stockholder of the defendant brought suit under Code Ann. § 22-613 seeking an order directing defendant to permit him to inspect the corporation’s books, records, etc.; for a five hundred dollar penalty for defendant’s refusal to furnish plaintiff with a copy of defendant’s most recent balance sheet and profit and loss statement; and for attorney fees. The defendant in its answer alleged that the plaintiff was not acting in good faith or for a proper purpose in making his demands for the right to inspect the records and for the profit and loss statement. After…