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2017 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 16 - RECORDS AND REPORTS
Section 30-29-1604 - COURT-ORDERED INSPECTION.
Universal Citation: ID Code § 30-29-1604 (2017)
30-29-1604. COURT-ORDERED INSPECTION. (1) If a corporation does not allow a shareholder who complies with section 30-29-1602(1), Idaho Code, to inspect and copy any records required by that subsection to be available for inspection, the Idaho district court of the county where the corporation’s principal office is located or, if none in this state, Ada county, may summarily order inspection and copying of the records demanded at the corporation’s expense upon application of the shareholder.
(2) If a corporation does not within a reasonable time allow a shareholder to inspect and copy any other record, the shareholder who complies with section 30-29-1602(2) and (3), Idaho Code, may apply to the Idaho district court of the county where the corporation’s principal office is located or, if none in this state, Ada county, for an order to permit inspection and copying of the records demanded. The court shall dispose of an application under this subsection on an expedited basis.
(3) If the court orders inspection and copying of the records demanded, it shall also order the corporation to pay the shareholder’s costs, including reasonable counsel fees, incurred to obtain the order unless the corporation proves that it refused inspection in good faith because it had a reasonable basis for doubt about the right of the shareholder to inspect the records demanded.
(4) If the court orders inspection and copying of the records demanded, it may impose reasonable restrictions on the use or distribution of the records by the demanding shareholder.
History:
[30-29-1604, added 2015, ch. 243, sec. 71, p. 965.]
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