Tate-I didn't say the SEC revoked the articles of incorporation. I said that the Corporation has no legal existence at the present.
Unlike a person who doesn't pay their taxes-Riters example-a corporation exists legally only as a state registered/chartered entity-with certain federally chartered organizations being an exception. Since Serac's registration has lapsed it has no current existence.
Which brings up an interesting question. Hall has no corporate shield for any of his actions since the registration expired. He is personally liable for any action he took, including agreeing to the revocation.
Tate, are you saying that shares can still be bought and sold privately? For some reason, I thought even that was forbidden. Specutator maintains, if i read him right, that the revocation only forbids selling shares across state lines and that, therefore, trading can still take place in the state of Nevada. I say no, but I'm not 100% sure.
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