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Frank a bank shareholder wanted an unlimited inspection of the banks records and books. He wanted to find out whether any action had been taken

Frank a bank shareholder wanted an unlimited inspection of the banks records and books. He wanted to find out whether any action had been taken that was not in the best interests of the stockholders. Such as misuses of corporate funds, diversion of corporate assets to the personal benefit of any employee, etc. He also wanted to know if the directors had lived up to their fiduciary obligation to the stock holders. Does the bank have to honor his request and Why or why not?

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