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Re: keymaster post# 38670

Monday, 06/02/2008 10:56:42 AM

Monday, June 02, 2008 10:56:42 AM

Post# of 143141
That is not entirely true, in fact.....its not right at all.

5. If the charter of a corporation is revoked and the right to transact business is forfeited as provided in subsection 2, all the property and assets of the defaulting domestic corporation must be held in trust by the directors of the corporation

thats the law, if they go into default the director is responsible for all the debts, which would be roger......this is the LAW with NSOS. so from what i have been reading, all of the bad things roger is trying to duck are still on him, not on CBAY. You can read the rules on the NSOS.