Where is the co. incorporated?
No formal process.
If CA, write a letter and reference the statute:
http://www.jerryburleson.com/shareholder-demand-for-inspecti...
If DE:
http://www.startupblog.com/blog/shareholder-inspection-right...
Obviously DE is more company friendly than CA.
Your best bet is to:
1st) request nicely from the CFO some updates
2) if that doesn’t work, flex some inspection rights to get him to give you the updates.
You don’t actually want the inspection, and for me it’d take a court order before I allowed it, so your best bet is to play nice and be less of a pain in the ass to get what you want then litigating it.
Let me stress this again, you are a supplicant in this, you are far better off begging and cajoling and politicking with the CFO to get what you want if it’s important to you. You have zero leverage.
If I got a request from some random ex-employee shareholder requesting info, I’d say to them “see you in court” guessing that you don’t have the $100k’s in legal expenses needed to actually force the issue
