You need to have an attorney explain it to you.
The statute addresses "Maintenance of records at principal office or with custodian of records; inspection and copying of records; civil liability; penalties."
It specifies under what conditions such inspection is REQUIRED.
It does NOT ADDRESS anything about what is NOT ALLOWED, and it specifically doesn't address the TRANSFER AGENT.
It also requires any shareholder of ANY SIZE for 6 months be given ACCESS to the PHYSICAL RECORDS. YOU BOLDED THE EXACT TEXT!!!
Again, calling the T/A to get a count of the O/S is ALLOWED BY ANYBODY, EVEN A NON-SHAREHOLDER.
But companies like GNID that are diluted constantly by toxic conversions GAG the T/A to prevent investors from seeing how bad that dilution is.