A shareholder qualified under N.C.G.S. § 55-16-02 to inspect the shareholder records of a corporation may share the information with another contestant in a proxy fight who is not a qualified shareholder.

Thus, the corporate defendant was obligated to provide its shareholder list to a shareholder even though that shareholder intended to provided to an entity which would not have been entitled to obtain the list, in order to use it in a proxy fight.

Full Opinion