What rights do shareholders in Georgia have regarding corporate records?

Shareholders in Georgia have the statutory right to inspect corporate records, which includes access to the company's financial statements, corporate minutes, and articles of incorporation. This right is rooted in the principle of transparency and accountability within the corporation, ensuring that shareholders can make informed decisions regarding their investment and the management of the company.

The ability to inspect these records is critical for shareholders, as it allows them to assess the performance of the company and the actions taken by the board of directors. This right is typically defined by state law, and in Georgia, it is provided under the Georgia Business Corporation Code. Shareholders can often request this information during reasonable business hours and may have the right to obtain copies.

Understanding this right is important for shareholders, as it empowers them to engage actively in the governance of the corporation, know their rights, and hold management accountable when necessary.