AimRite Holdings Corp (AIMH)

[satelliteguy]

"This what the T/A told me. He said that if Morey wanted to resign, which he did, he is allowed to choose someone to take his place, because someone has to."

I don't care what the TA said. It is incorrect as a matter of law. It is the responsibility of the Board of Directors to elect officers, and this is NOT within the power of an outgoing officer.

I don't know what the corporate minutes say, but a director can't be elected without a valid stockholder vote or resolution. Simply being named as a director on the NV SoS website, in a filing that any schmuck can submit, has no force of law.

One last thing: again, as a matter of law, we have to keep this straight. Officers are officers. Directors are directors. Being the President doesn't mean that one is a director, or give one the power to appoint other officers or directors.

"IMO AIMH is too small to have a Board of Directors."
Absolutely, 100%, INCORRECT. With rare exceptions (including, for example, certain types of not-for-profit corporations), every corporation is controlled by a Board of Directors (which could be as small as one person). Please don't post nonsense to a lawyer.

"E.G. Marchi is the temporary director, officer, president, secretary, and treasurer, until the shareholders remove him."

No again, and this is not a matter of your opinion. It is the law. If he wasn't legally elected, he is NOTHING. However, it will be the responsibility of the stockholders to obtain a judicial determination affirming that, if he refuses to go quietly.