BBC Acquisition Corp. v. Durr-Fillauer Medical, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a contract with a third party could not be used to limit inspection rights, which “cannot be abridged or abrogated by an act of the corporation”
• holding that a contract with a third party could not be used to limit inspection rights, which “cannot be abridged or abrogated by an act of the corporation”
• rejecting demand where the purpose for the inspection related to a plaintiff’s “status as a bidder,” and not “its status as a [] stockholder”
• observing, “[s]ince [] a shareholder [seeking to inspect books and records] will often have more than one purpose, [the proper purpose requirement] has been construed to mean that the shareholder’s primary purpose must be proper; any secondary purpose, whether proper or not, is irrelevant”

Source: CourtListener parenthetical corpus (CC0).