Mr. NDebt. Unless I miss my guess, if the following excerpt had not been ignored, in violation of the law, a totally different BOD would have been in place and there would be no need for law suits. There would have been no "deal" to acquire a construction outfit by a technology corporation. By now there would have been technology products in place and offered to the public through technology outlets. There would have been transparency as allowed by law (some insider information must be kept private), and the company offices would be in Texas, in accordance with the by-laws, not squirrled away in someone's home in Florida.
Notice the references to "Annual meeting".
NRS 78.330 Directors: Election; terms; classification; voting power.
1. Unless elected pursuant to NRS 78.320, or unless the articles of incorporation or the bylaws require more than a plurality of the votes cast, directors of every corporation must be elected at the annual meeting of the stockholders by a plurality of the votes cast at the election. Unless otherwise provided in this chapter or in the bylaws, the board of directors has the authority to set the date, time and place for the annual meeting of the stockholders. If for any reason directors are not elected pursuant to NRS 78.320 or at the annual meeting of the stockholders, they may be elected at any special meeting of the stockholders which is called and held for that purpose. Unless otherwise provided in the articles of incorporation or bylaws, each director holds office after the expiration of his or her term until a successor is elected and qualified, or until the director resigns or is removed.
