1 page/≈275 words
Literature & Language
buisness law: Rights of Shareholders (Essay Sample)
Several recent college graduates perfect a new beer that uses large amounts of garlic in the brewing process. They form a corporation called Garlicbrew, Inc. to produce and market this beer. Nance buys 100 shares of the 10,000 shares in Garlicbrew's initial public offering. Nance wants access to corporate records in order to learn more about the company so she can be a more informed shareholder. She also wants to learn about Garlicbrew because she is considering starting a company to develop and market a beer that uses onions in the brewing process. The corporate officers refuse to let Nance have access to any records of the corporation. Can Nance force the officers to allow her access? source..
Business Law [Your name] [Institution’s name] Rights of Shareholders The aim of this paper is to examine the case of Nance who is one of the founders and shareholder of Garlicbrew Inc. which produces a special kind of beer using garlic in the brewing process. Out of 10,000 shares, Nance bought 100 shares of the corporation. She wants to have access to the company books and records as she plans to launch a new beer and so, wants to be more informed about the business process and market. However, she her request was turned down by the corporate officers. Generally corporate shareholders are granted certain rights under the common as well as statute law which includes inspection of company books and records provided that they have an equity interest in the firm. According to Delaware Corporation Law, a shareholder can only claim for reviewing corpo...
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