490.1604 - COURT-ORDERED INSPECTION.

        490.1604  COURT-ORDERED INSPECTION.         1.  If a corporation does not allow a shareholder who complies      with section 490.1602, subsection 1, to inspect and copy any records      required by that subsection to be available for inspection, the      district 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 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 records, the shareholder      who complies with section 490.1602, subsections 2 and 3 may apply to      the district court in 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.  
         Section History: Recent Form
         89 Acts, ch 288, §178