As a matter of business hygiene, North Carolina’s records inspection statute is a bit of an information ATM. But the Business Court recently cautioned that a requester still has to
Continue Reading Wide Access for Inspecting LLC’s Records has Narrow, but Crucial, Guideposts
Adam Downing had a rather ordinary request under North Carolina corporate inspections law. As a shareholder in Cycle Holdings, Inc. he wanted to inspect financial and business records of Cycle
Continue Reading A Corporate Riddle: When are Three Director Seats on a Five-Member Board not a Majority?
For the golf fan curious about the finances and back-office maneuvering of “Big Golf,” nothing has been better than the LIV Golf-PGA Tour throwdown played out in dueling press conferences
Continue Reading Court Sharply Limits Attorney Fee Award in Dispute Over Access to Corporate Records of Charlotte Country ClubAt one of Charlotte’s finest golf courses, Myers Park Country Club,
Continue Reading A Clubhouse Conundrum
A group of mostly powerless Class B members in a utility services firm suspected its only Class A member of self-dealing, but their suspicions did not mate with corporate authority
Continue Reading In a Fight Over Corporate Inspection Rights, a Quick Kick Beats the Trick Play
Judge Robinson recently issued an order containing what may be the first interpretation of the “Special Meeting” provisions of the North Carolina Business Corporation Act (the “Act”), N.C. Gen. Stat.
Continue Reading Special Shareholder Meetings: Where the minutes are kept, but the time (for notice) is wasted