291 Minn. 322
SYNOPSIS: Appeal from Hennepin County District Court (Minnesota), which denied petitioner's writ of mandamus to compel respondent to turn over its shareholder ledgers and corporate records so petitioner could inspect them.
-Court affirmed and held respondent's purpose was improper to obtain an inspection of respondent's records.
-Law required petitioner to have proper purpose in seeking inspection of corporate records.
-Proper purposes for inspection of records include determining the financial condition of the corporation, ascertaining the value of the petitioner’s shares, and to obtain a mailing list for the solicitation of proxies from shareholders.
OUTCOME: Court affirmed lower court's decision, finding petitioner's writ of mandamus was properly denied because petitioner's desire to communicate his displeasure with respondent's participation in Vietnam to respondent's shareholders was not a proper purpose for seeking inspection of respondent's records.
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