§ 6312 Subsidiary Records Inspection

• •If a big company owns smaller companies, you can check the records of those smaller ones too.
• •This rule is part of a bigger set of rules about looking at company records.
• •It’s been a rule since 1978.

Imagine a big toy company owns a smaller company that makes action figures.

If you have the right to look at the big toy company’s records, you can also look at the action figure company’s records because the big company owns it.