Limitations of Right of Inspection

Bookkeeping and Record Keeping

• All bookkeeping and record keeping must be done at the principal office of the corporation.

Exceptions to the Rule

• The Stock and Transfer Book is an exception to the rule, and it can be kept in either the principal office of the corporation or the office of its stock and transfer agent.

This quiz covers the exceptions to the right of inspection by stockholders, including when they are not acting in good faith or have speculative motives.