proper purpose of inspection

proper purpose of inspection
A lawful purpose, not contrary to the interests of the corporation, whereby a stockholder in good faith seeks information bearing upon the protection of his interest and that of other stockholders in the corporation, as distinguished from a purpose to be vexatious, to gratify curiosity, or to use the information obtained for speculation. Sawyers v American Phenolic Corp. 404 Ill 440, 89 NE2d 374, 45 ALR2d 1.

Ballentine's law dictionary. . 1998.

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