Court Opinion

ID: 9754062
Source: CourtListenerOpinion
Date Created: 2023-08-28 19:41:37.578802+00
Date Added: 2024-06-11T09:55:33.611216
License: Public Domain

WOLCOTT, Chief Justice
(dissenting):
I disagree with the conclusion reached by the majority of the Court in this appeal. In my opinion, 8 Del.C. § 220 gives a practically absolute right of inspection to a stockholder of record who states a purpose in his demand reasonably related to his status as a stockholder. The desire to communicate with his fellow stockholders concerning a forthcoming stockholders’ meeting already called is a purpose germane to the status of a stockholder of Northwest.
It is immaterial, in my view, that Goodrich acquired its stock in Northwest a few days before filing its demand for inspection of the stockholders’ list.
I would have affirmed the Court of Chancery in its order directing the furnishing of the list.