Knaebel v. Heiner

OPINION

BURKE, Chief Justice.

The issue in this appeal is whether a shareholder was deprived of his statutory right to inspect the records of a corporation,1 by virtue of a contract requiring him to exchange his shares for stock in another corporation prior to the date of the demand for inspection. The relevant facts are set forth in Knaebel v. Heiner, 645 P.2d 201 (Alaska 1982), hereinafter Knaebel I:

On April 2, 1979, Jeffrey Knaebel, one of three major shareholders of Resource *886Associates of Alaska, Inc. (RAA), made an agreement with the company and its other two major shareholders to exchange…