Fortress Financial Group fka FFGO

[SevenTenEleven]

FFGO - State of Wyoming Statutes Regarding Dividend Process


17-16-1405. Effect of dissolution.


(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:

(i) Collecting its assets;

(ii) Disposing of its properties that will not be distributed in kind to its shareholders;

(iii) Discharging or making provision for discharging its liabilities;

(iv) Distributing its remaining property among its shareholders according to their interests; and

(v) Doing every other act necessary to wind up and liquidate its business and affairs.

(b) Dissolution of a corporation does not:

(i) Transfer title to the corporation's property;

(ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records;

(iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8;

(iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;

(v) Prevent commencement of a proceeding by or against the corporation in its corporate name;

(vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or

(vii) Terminate the authority of the registered agent of the corporation.

http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title17/T17CH16.htm

Corporate entities are governed by the rules of their state of incorporation at all times. You may want to consult counsel in the state of incorporation to determine what effect the SEC’s order may have had on what the entity may do under state law. You may also want to contact the SEC to ask what effect its order may have had. Finally, you should contact the company directly to ask these same questions. - FINRA

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In regards to your questions regarding the State of Wyoming and FINRA, this information would need to be provided by those entities. - The SEC