CASPARY v. LOUISIANA LAND AND EXPLORATION CO.

No. 83-1343.

707 F.2d 785 (1983)

Delo H. CASPARY, Appellant, v. The LOUISIANA LAND AND EXPLORATION COMPANY, Appellee.

United States Court of Appeals, Fourth Circuit.

Decided May 11, 1983.


Attorney(s) appearing for the Case

John Henry Lewin, Jr., Baltimore, Md. (Benson Everett Legg, Venable, Baetjer & Howard, Baltimore, Md.), for appellant.

Francis B. Burch, Jr., Baltimore, Md. (Robert J. Mathias, David Clarke, Jr., Piper & Marbury, Baltimore, Md., Cahill, Gordon & Reindel, Washington, D.C.), for appellee.

Before WINTER, Chief Judge, and MURNAGHAN and ERVIN, Circuit Judges.


MURNAGHAN, Circuit Judge:

At common law, a stockholder in a Maryland corporation enjoyed, regardless of the substantiality of his shareholding, a right to inspect corporate records, including a book listing all of the stockholders, simply upon the showing of a proper purpose. Parish v. Maryland and Virginia Milk Producers Ass'n, 250 Md. 24, 88, 242 A.2d 512, 547 (1968). In 1868 a general business...

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