Legal Opinion · Dissent

Panhandle Cooperative Royalty Company v. McLain

Supreme Court of Oklahoma

Decided October 24, 1960No. 38333Published

1DissentWelch, J.

(dissenting.)

I think the majority opinion confuses the right of a shareholder to examine corporate books to protect his own interests with the right here claimed by McLain to obtain a list of all other shareholders and addresses.

He definitely seeks this list for use for his own personal interests. Such a list in this or another corporation could be so used for many personal purposes far too numerous to mention.

Without permission of the stockholders I have grave doubt that such a list should be furnished to a stockholder any more than to a nonstockholder who wanted it for personal interest use.

2Cases cited21 opinions

  1. Guthrie v. HarknessSupreme Court of the United States · 1905
  2. United States Ex Rel. Turner v. FisherSupreme Court of the United States · 1911
  3. Morris v. Broadview, Inc.Illinois Supreme Court · 1944
  4. State v. Loft, Inc.Superior Court of Delaware · 1931
  5. State v. Penn-Beaver Oil Co.Supreme Court of Delaware · 1926

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