New York Court of Appeals

In the Matter of Samuel Cohen, Respondent, Against Cocoline Products, Inc., Appellants

July 8, 1955309 N.Y. 119

Summary

The Court held that a director's absolute right to inspect corporate books ends upon removal, and while a former director may have a qualified right to inspect, the trial court must conduct a proper hearing before granting such relief; therefore the order granting inspection was reversed and the case remanded for further proceedings.