[SEC-SICD * CASE NO. 03-96-5294. January 31, 2000.]
HEIRS OF VICENTE INOCALLA, ET AL., complainants,vs. RURAL BANK OF PARACALE, INC., ET AL., respondents.
D E C I S I O N
This is a petition for Mandamus and Damages filed by the heirs of Vicente Inocalla, represented herein by Casper Inocalla, a stockholder of the Rural Bank of Paracale, Inc., to compel respondent bank to allow petitioners to inspect and examine the books of accounts and records of the bank. I
PETITIONERS allege among others that: Vicente Inocalla, Sr., the father of herein petitioners is a stockholder of Rural Bank of Paracale, Inc. Petitioners now assert as heirs of the deceased stockholder, their right to inspect and examine the books of the corporation They claim that after the death of their father, the financial affairs of the corporation worsened, that dividends has rarely been declared and that almost always, stockholders, including herein petitioners are required to place in additional investments. Further they allege that petitioners merely desire to bring to the attention of the stockholders alleged "unquestionably bloated" amounts...
