Shareholders have the unfettered right to freely contract with whoever they want.
Management has no right to interfere with shareholders rights.
This isn't a company function.
The company "management" have no reason, and no right, to quibble with the shareholders about the structure of the contribution in kind made by shareholders...
If management wanted to copy the records... instead of spending almost a year, and something close to $100K trying to prevent it... they easily could have.
Instead, the management required shareholders to contribute the copies to the company, leaving no other path open to enabling that result to occur...
Having failed in acting properly... management now wants to quibble with the shareholders over HOW the shareholders acted in making the contribution they did... when after the management failed to act ?
LOL!!!
I'd say we're seeing some fairly extreme indications of desperation, now... with management grasping at straws... not knowing how to deal with "their story" falling apart.