MATTER OF NORTHEAST LITHO CO., INC. v. STEARNS & BEALE


90 A.D.2d 713 (1982)

In the Matter of Northeast Litho Co., Inc., Appellant, v. Stearns and Beale, Respondent

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

November 9, 1982


Petitioner of course seeks much more than the stockholders' records referred to in subdivision (b) of section 624 of the Business Corporation Law; it seeks to examine all the books and records of respondent. Respondent raises questions as to petitioner's rights and good faith. For example, petitioner owns one share out of 1,000 shares of stock of respondent corporation; on oral argument, respondent stated that the share had a negative book value. On its face, it seems questionable...

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