Friday, April 4, 2008

Shareholders Privacy Rights

The Nevada Revised Statutes provides that any shareholder who owns at least 15% of the issued stock of a corporation has the right to inspect all books and records at his expense. So therefore if a stockholder holding less than 15% of the issued stock is denied the right of inspection, then certainly third parties can be denied inspection of corporate records without a court order. Anyone who obtains information from the corporation books and records for "any purpose not related to the stockholder's interest" commits a crime. This is rather good protection.

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