William Carter, a former officer and employee of Wilson Construction Co., Inc., owned 317 shares of stock in Wilson. Carter left Wilson to become part owner and employee of C&L Contracting Co., which was a direct competitor of Wilson. Carter requested access to Wilson’s corporate books to determine the value of his shares. Wilson refused, not wanting to divulge its business practices to a direct competitor. Decide. [Carter v Wilson Construction Co., Inc., 348 SE2d 830 (NC App)]

AppendixLO1