Refusal to permit stockholder access to books--Misdemeanor.

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47-30-7. Refusal to permit stockholder access to books--Misdemeanor.

Any officer or agent of a corporation having or keeping an office within this state, who has in his custody or control any book, paper, or document of the corporation, and who refuses to give to a stockholder or member of the corporation, lawfully demanding, during office hours, to inspect or take a copy of the same, or any part thereof, a reasonable opportunity so to do, is guilty of a Class 2 misdemeanor.

Source: SDC 1939, §13.4313; SL 1983, ch 15, §52.


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