Section 49-33-18 - Books and records--Exhibition to stockholders--Right to examine by certain stockholders

49-33-18. Books and records--Exhibition to stockholders--Right to examine by certain stockholders.The books and records of account and minutes of a corporation organized under this chapter shall be exhibited to its stockholders at every stockholders' meeting, if a majority of those present require it. Any person or group of persons who are the holders of record of at least ten percent of all the outstanding shares of such corporation, upon written demand stating the purpose thereof, have the right to examine, in person, or by agent or attorney, at any reasonable time or times, for any proper corporate purpose, its books and records of account, minutes and record of shareholders and to make extracts therefrom. Source: SDC 1939, §52.1504; SL 1986, ch 396, §7.