Ashley Bancstock Co. v. Meredith

I,This'is an appeal from a declaratory-judgment action. Paul Meredith, Richard Meredith, and John Posey (shareholders) are shareholders of Ashley Bancstock Company (ABC). These shareholders demanded to inspect and copy certain records of ABC pursuant to Arkansas Code Annotated section 4-26-715 (Repl. 2016). Instead of providing the requested records, ABC sued them in Ashley County Circuit Court seeking declaratory relief regarding the nature and extent of the records the shareholders were entitled to inspect and copy pursuant to the statute. The circuit court found the shareholders were…