§ 17-16-1604 — Court ordered inspection

Wyoming § 17-16-1604

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 16: RECORDS AND REPORTS

Text

(a) If a corporation does not allow a shareholder who
complies with W.S. 17-16-1602(a) to inspect and copy any records
required by that subsection to be available for inspection, the
district court of the county where the corporation's principal
office, or, if none in this state, its registered office, is
located may summarily order inspection and copying of the
records demanded at the corporation's expense upon application
of the shareholder.
(b) If a corporation does not within a reasonable time
allow a shareholder to inspect and copy any other record, the
shareholder who complies with W.S. 17-16-1602(b) and (c) may
apply to the district court in the county where the
corporation's principal office, or, if none in this state, its
registered office, is located for an order to permit inspection
and copying of the records demanded. The court shall dispose of
an application under this subsection on an expedited basis.
(c) If the court orders inspection and copying of the
records demanded, it shall also order the corporation to pay the
shareholder's expenses, including reasonable counsel fees,
incurred to obtain the order unless the corporation proves that
it refused inspection in good faith because it had a reasonable
basis for doubt about the right of the shareholder to inspect
the records demanded.
(d) If the court orders inspection and copying of the
records demanded, it may impose reasonable restrictions on the
use or distribution of the records by the demanding shareholder.