Does the shareholder right of inspection extend to tax returns?
California, United States of America
The following excerpt is from Schnabel v. Superior Court, 21 Cal.Rptr.2d 200, 5 Cal.4th 704, 854 P.2d 1117 (Cal. 1993):
No California case has discussed whether the shareholder right of inspection extends to tax returns. In Friedman v. Altoona Pipe and Steel Supply Company, supra, 460 F.2d at page 1213, the court, interpreting a similar Pennsylvania statute, affirmed a trial court order granting a shareholder the right to inspect, among other records, " 'copies of income tax returns filed by the corporations.' "
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