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MATTER OF MURPHY v. FIDUCIARY COUNSEL, INC.

40 A.D.2d 668 (1972)

In the Matter of Gavin P. Murphy, Respondent, v. Fiduciary Counsel, Inc., et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

October 31, 1972

A former director may have a qualified right to inspect the corporate books and records covering the period of his directorship whenever the director can make a proper showing by appropriate evidence that such inspection is necessary to protect his personal responsibility interest, as well as the interest of the stockholders. This record fails to establish facts which would warrant such inspection. There is no satisfactory or convincing...

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