State v. Penn-Beaver Oil Co.

Pennewill, C. J.,

delivering the opinion of the court:

The defendant corporation was organized under the general corporation law of the state, but its legal status would be the same if it had been created by a special act of the Legislature. 14 C. J., § 107. The vital question in this case is whether the provision inserted in defendant’s certificate of incorporation, which gives the company the power to deny a stockholder the right to examine books and records, was warranted by anything contained in the general corporation law, or any other law of the state. If the general corporation law, the…