Posen v. United Aircraft Products, Inc.

Petitioner brings this proceeding under article 78 of the Civil Practice Act to inspect and make extract copies of the books and records of respondent United Aircraft Products, Inc., an Ohio corporation. The petitioner, a director but not a stockholder of respondent, claims an “ absolute right ” to the relief under section 10 of the Stock Corporation Law. Respondent has, for over two months, offered to comply with petitioner’s demand but has insisted that he first obtain necessary security clearance from the proper Federal government agency.

Since the petitioner has declined to apply for…