Romano, a shareholder of Specific General Inc., wishes to communicate with other shareholders concerning matters related to the corporation. So he requests the management to provide him with a list of all shareholders of the corporation. Citing administrative burden, the management informed Romano that shareholders could not review such records. The management turns down repeated requests citing the same reason. In this scenario, Romano:
A. should appeal for amendment of the corporation's laws to make public all shareholder information.
B. can bring suit to enforce his right to examine the shareholder list as he has proper purpose.
C. cannot hold Specific General liable because the Model Business Corporation Act (MBCA) discourages the disclosure of shareholder information.
D. will be penalized 10 percent of value of his shares if he loses an appeal against the management.
Answer: B
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