Shareholders Have a Right to Review Corporate Records - Including Financials

It is not unusual for majority shareholders to be reluctant to permit the inspection of corporate records, particularly financial records, by minority shareholders. In 2004, the Massachusetts legislature enacted a new set of laws making it easier for shareholders to review and copy corporate records, including financials. Upon five business days, of written notice, a corporation must make the requested records available to a shareholder, unless the corporation determines in good faith that the disclosure of the records sought would adversely affect the corporation in its conduct of its business or, in the case of a public corporation, constitute material non-public information. read more >>