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Thursday, July 10, 2008 6:14:46 PM
While I learned decades ago not to play lawyer, I'm going to find out Monday if the "Foreign Corporation" rules that are in effect in Indiana apply to a Nevada Corp. such as Revenge.
When a company not incorporated in a specific state chooses to operate their business there, then in many cases they find themselves, as a "Foreign Corporation", subject to certain of those laws of that state.
My primary interest would lie in the ability of a shareholder to demand access to the books and records of the corporation as well as mandate the calling of an annual meeting. The consequences for not complying with simple requests such as this are generally quite unpleasant for the Company, and the expense involved in pressing the issue is borne by the State.
This may be interesting to learn more about, as it has become obvious that no polite, rude or reasonable answers for our questions is forthcoming.
It would be so simple for him to do things the easy way, as he promised in his several "transparency" bleatings.
Just what does he have to hide, anyway?
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