Sunlitz Holding Company v. Trading Block Holdings, Inc.

Illinois Appellate Court
Civil Court
Corporations
Citation
Case Number: 
2014 IL App (1st) 133938
Decision Date: 
Thursday, August 14, 2014
District: 
1st Dist.
Division/County: 
Cook Co., 4th Div.
Holding: 
Reversed and remanded.
Justice: 
EPSTEIN
Shareholder-plaintiffs' statements were sufficiently particular to notify Defendant corporation of the reason they sought access to company's books and records under section 7.75 of Business Corporation Act. Breadth of Plaintiffs' requested inspection does not necessarily mean that their purpose was improper. Having established a proper purpose, Plaintiffs were entitled to access any and all documents necessary for that inquiry.(HOWSE and LAVIN, concurring.)