In re De Vengoechea

The opinion of the court was delivered by

Swayze, J.

I do not find it necessary to consider the very interesting and important legal question that was argued as to the limitation of the common law right of a stockholder to examine the books of a corporation, by provisions inserted in the articles of association. I have reached the conclusion that the application is not made in good faith for the purpose of ascertaining the true status of the company or of taking measures to protect the interests of the applicant as’a stockholder, but rather for the purpose of annoying the company and perhaps…