59 A.2d 660 | N.J. | 1948
Relator holds 20 shares of preferred stock in the respondent corporation out of an outstanding issue of 66,447 shares. He desired a list of the preferred stockholders for the purpose of presenting to them a plan of recapitalization and communicated that desire to the company but it declined to grant the request and countered with the suggestion that relator might meet with a committee appointed by the board of directors and discuss the plan of recapitalization with it. This offer relator declined.
The law is settled that a stockholder has a right to inspect the books of the corporation where the application is made in good faith and is for a purpose germane to the applicant's rights as a stockholder. Feick v. Hill Bread Co.,
A peremptory writ of mandamus is allowed, with costs.