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Do Shareholders of a Small Closely Held New York Corporation have the Right to Inspect the Corporations Books and Records?

Yes. Pursuant to New York Business Corporation Law Section 624, shareholders of a New York corporation possess, among other things, the right to (a) inspect the corporations records, minutes and stock ledgers and (b) demand copies of prior year financial statements.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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