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An Excepted Corporation under RA 11232, AlphaNova, Inc., has a single stockholder who also serves as President; there is no board of directors or corporate secretary; corporate funds are kept in the President’s personal account; a fellow stockholder requests copies of the corporate books, the minutes of all meetings, and the accounting records, and also seeks to inspect the registers. The President refuses, citing the corporation’s Excepted status. Relying on John Gokongwei, Jr. v. Securities and Exchange Commission (G.R. No. L-45911, Apr. 11, 1979), which statement best encapsulates the controlling doctrine on a stockholder’s right to inspect and copy corporate books and records?