If I’m a small shareholder in a local corporation and the corporate officers have ignored all my requests for current financial information, what recourse do I have?
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If I’m a small shareholder in a local corporation and the corporate officers have ignored all my requests for current financial information, what recourse do I have?
Asked on October 1, 2012 under Business Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you as a shareholder in a local corporation have been deprived of requested information with respect to the entity's current financial information, I suggest that you consult with a business attorney with the corporation's bylaws to see what legal recourse you have.
As a shareholder in this entity, you are entitled to financial information with respect to it if such is not provided by the entity on a consistent basis.
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