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GRAND ACQUISITION v. PASSCO INDIAN SPR DST

C.A. No. 12003-VCMR.

145 A.3d 990 (2016)

GRAND ACQUISITION, LLC, Plaintiff, v. PASSCO INDIAN SPRINGS DST, a Delaware Statutory Trust Company, Defendant.

Court of Chancery of Delaware.

Date Decided: August 26, 2016.

Date Revised: September 7, 2016.

Attorney(s) appearing for the Case

R. Karl Hill , SEITZ, VAN OGTROP & GREEN, P.A., Wilmington, Delaware; Attorney for Plaintiff.

John L. Reed , Ethan H. Townsend , and Harrison S. Carpenter , DLA PIPER LLP, Wilmington, Delaware; Attorneys for Defendant.

OPINION

In this action, a beneficial owner of a Delaware statutory trust seeks to inspect certain of the trust's books and records. The beneficial owner requested inspection under both Section 5.3(c) of the trust's governing agreement and 12 Del. C. § 3819, the books and records provision...

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