§ 17-16-1605 — Inspection of records by directors

Wyoming § 17-16-1605

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

Text

(a) A director of a corporation is entitled to inspect and
copy the books, records and documents of the corporation at any
reasonable time to the extent reasonably related to the
performance of the director's duties as a director, including
duties as a member of a committee, but not for any other purpose
or in any manner that would violate any duty to the corporation.
(b) The district court of the county where the
corporation's principal office, or if none in this state, its
registered office, is located may order inspection and copying
of the books, records and documents at the corporation's
expense, upon application of a director who has been refused
inspection rights, unless the corporation establishes that the
director is not entitled to those inspection rights. The court
shall dispose of an application under this subsection on an
expedited basis.
(c) If an order is issued, the court may include
provisions protecting the corporation from undue burden or
expense, and prohibiting the director from using information
obtained upon exercise of the inspection rights in a manner that
would violate a duty to the corporation, and may also order the
corporation to reimburse the director for the director's
expenses, including reasonable counsel fees, incurred in
connection with the application unless the corporation proves
that it refused inspection in good faith because it had a
reasonable basis for doubt about the right of the director to
inspect the records demanded.