That’s right, he never held any elected position of an official, Board member or an officer of the corporation. Those are the people you sue, not a stockholder like you and me.
Can a court take possession of the company assets, in absence of a UOIP CEO or BOD? The bylaws seem to state that 2 directors are needed for any major decisions and we have elected none. So can a court take the directors place instead? Might resolve the need for a custodian.
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