NY CASE ABOUT RIGHT OF SHAREHOLDERS TO INSPECT RECORDS OF CORPORATE SUBSIDIARY-SIGNIFICANCE FOR LLCS

By , January 6, 2017 4:03 pm

Under the link below is a post by Peter Mahler about a recent decision by a New York appellate court holding that the shareholders of a NY corporation had a common law right to inspect the books and records of a wholly owned subsidiary of that corporation.  Not just in NY but also in other states, this case is likely to be useful to LLC lawyers whose clients want to inspect the books and records of single-member LLCs and other subsidiaries of multi-member LLCs of which these clients are members.

Here is the link:

http://www.nybusinessdivorce.com/2016/10/articles/access-to-books-and-records/ruling-upholds-shareholders-right-inspect-subsidiarys-books-records/

Leave a Comment