There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 16 Records and Reports
271B.16.040 Court-ordered inspection.
Download pdfavailable for inspection, the Circuit Court of the county where the corporation's
principal office (or, if none in this state, its registered office) is located may
summarily order inspection and copying of 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 subsections (2) and (3) of
KRS 271B.16-020 may apply to the Circuit Court of the county where the
corporation's principal office (or, if none in this state, its registered office) is located
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. Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 170, effective January 1, 1989.
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