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Re: The Virtual Cat post# 48487

Monday, 12/28/2009 2:26:22 PM

Monday, December 28, 2009 2:26:22 PM

Post# of 83044
Here's a Wikipedia article on Nevada corporations:

http://en.wikipedia.org/wiki/Nevada_corporation

Anyone negative on CPRK's management would probably point to this benefit:

Nevada's laws offer flexibility to a board of directors in managing the affairs of a corporation, and permit management to put in place strong protection from hostile takeovers. It also provides extremely strong protection against piercing the corporate veil, where a corporation's owners can be held responsible for the actions of a corporation. As of 2007[update], in all of the court cases involving a corporation, in a period of twenty years, only one case has the piercing of a corporate veil been permitted under Nevada law, and in this single case the reason was because of fraud on the part of the corporation's owners.

=^..^=



Cats are intended to teach us that not everything in nature has a function. - Unknown

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