Ihrig v. Frontier Equity Exchange Ass'n

Greene, J.;

Charles Ihrig, Grace Ihrig, and Circle Bar Ranch Company (the Ihrigs) appeal the district court’s order denying them shareholder access to the corporate books and records of Frontier Equity Exchange Association (Frontier), arguing that they met their statutory burden to show a proper purpose for such access. Although we affirm the district court’s denial of an inspection for most of the Ihrigs’ allegations, we conclude that the allegations of discounting established the possibility of mismanagement by a preponderance of evidence, requiring that we reverse the district court and…