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1manband

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1manband

Re: JohnnyRotton post# 27170

Wednesday, 10/01/2014 8:19:40 PM

Wednesday, October 01, 2014 8:19:40 PM

Post# of 54732
Board rules don't say that. Sorry.

But I have already give a link. It is clearly spelled out in the NRS, but most every state has a variation of the same law on their books. It is there for a reason - without positive net assets, the assets all belong to the debt holders. If they buyback stock, it is stealing the debt holder's money. Which is why it is illegal.

http://nvsos.gov/index.aspx?page=192
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