Hollander v. Rosen

COPE, Judge.

The principal question presented by this appeal is whether the statutory penalty for a wrongful refusal to allow a shareholder to inspect corporate books and records may be imposed on a foreign corporation which was required to apply for authority to transact business in this state, but failed to do so. We answer in the affirmative.

Appellant Sam Hollander filed a complaint alleging that he is a minority shareholder in a Georgia corporation, Due West Associates, Inc. He alleged that defendants Clifford and Norman Rosen are the controlling shareholders; that Due West is…