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Thursday, November 29, 2012 11:04:28 AM
Why isn't Corewafer Industries (WAFR) required to consolidate it into WAFR?
Can a business that changed it's name still operate under the old registered name in NY? I may have to go back the the Name change and do some deeper DD to see what actually happened with the name change.
So how does a company like Corewafer Industries(WAFR) not have a NY SOS registration or be required to be consolidated from Action Products.
It is confusing to me that the NY SOS law reads:
(e) If the surviving or consolidated corporation is, or is to be, formed under the law of any jurisdiction other than this state:
(1) It shall comply with the provisions of this chapter relating to foreign corporations if it is to do business in this state.
(2) It shall deliver to the department of state a certificate, entitled "Certificate of merger (or consolidation) of ..... and ..... into ..... (names of corporations) under section 907 of the Business Corporation Law", which shall be signed on behalf of each constituent domestic and foreign corporation.
Corewafer industries (WAFR) is registered in Florida and does "business" in NY because the office is:
419 Lafayette Street, Second Floor
New York, NY 10003
(Address of Principal Executive Offices)
So they fall under the law posted above, I agree there should be a traceable paper trail but why would it be under Action products which has been Name changed in May to WAFR?
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