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Management Studies

Question: Miles and others, stockholders in the Heflin Bank, asked to inspect the books and records of the corporation to determine whether there had been misuse of corporate funds, abuse of corporate office, and other breaches of the directors' fiduciary duties. The bank refused to permit such an inspection. Was it correct in doing so? (Bank of Heflin v. M. N. Miles, 294 Ala. 462)

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Category:- Management Theories
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