by Max Barry

Latest Forum Topics

Advertisement

1

DispatchFactbookLegislation

by Conservative nationals. . 1 reads.

The Incorporation Act

Be it enacted by the Legislative Assembly of the Republic of Lisseum.
An ACT by the Legislative Assembly.
Taking place on
XXXXX 2021 A.D.
AN ACT – §LA. §XXX
To consist of An ACT for CHARTER REQUIREMENTS for Proposed Incorporations.


Be it enacted by the Legislative Assembly of the republic of Lisseum; that the following requirements will be included in all CHARTER Proposed Incorporations.
SEC. 1. That the name of the Incorporation is._________________
SEC. 2. That the period of its duration for doing business in the Lisseum republic is for a maximum of __________ years with option to renew.
SEC. 3. That the purpose for which the Corporation is organized is. ________________
SEC. 4. That the aggregate number requested of preferred shares and the aggregate number of common shares which the corporation shall have authority to issue is;
SEC. 5. That the corporation will not commence business until it has established the value for its preferred shares monetary amount or common shares monetary amount for consideration of the value of not less than monetary amount consisting of money, labor done, or property actually received.
SEC. 6. That the number of directors constituting the initial Board of Directors is __ and the full names and addresses of all individuals who are responsible for serving as directors until the first annual meeting of the shareholders or until their successors are elected and qualified with the responsibility are ;

SEC. 7. That the street address of its initial registered office is; ____________________ And the names of the initial responsible Board of Director(s) at such address is; _______
SEC. 8. Define all classes of stocks with rights, privileges, duties, liabilities for each and the holders of described stocks of any class of the corporation.
SEC. 9. That the Board of Directors being with responsibility At Law ; is expressly authorized to amend or repeal the bylaws of the corporation or to adopt new bylaws of which the latest copies must be furnished to the Minister of interior and Prime Minister of the republic of Lisseum within thirty days. Date of initial bylaws _________________________
SEC. 10. That no holder of stock of any class of the corporation shall be entitled to accumulate votes for the election of Directors. Each stockholder qualifies for one vote irrespective of the number of shares held.
SEC. 11. That the Capital assets of the corporation may be transferred to a trust for any lawful business purpose naming the shareholders of the corporation as the beneficiaries. The trustee(s) or successor trustee(s) of the trust will be named and appointed by the Board of Directors in behalf of the corporation.
30 days prior Notice to the Minister of the interior of the republic of Lisseum is required.
SEC. 12. That the Board of Directors may appoint a trustee or trustees to represent the corporation in any litigation or lawsuit before any lawful court.
Attestation:



Conservative nationals

RawReport