The document discusses rules for rescheduling elections and reporting changes in corporate leadership. It states that if a scheduled election is not held, the SEC may order an election be held upon application from a shareholder or director. It also requires that the death, resignation or removal of a director, trustee or officer must be reported to the SEC within 7 days. Finally, it indicates that a surviving or consolidated corporation will assume all the rights and privileges of the previous constituent corporations.
The document discusses rules for rescheduling elections and reporting changes in corporate leadership. It states that if a scheduled election is not held, the SEC may order an election be held upon application from a shareholder or director. It also requires that the death, resignation or removal of a director, trustee or officer must be reported to the SEC within 7 days. Finally, it indicates that a surviving or consolidated corporation will assume all the rights and privileges of the previous constituent corporations.
The document discusses rules for rescheduling elections and reporting changes in corporate leadership. It states that if a scheduled election is not held, the SEC may order an election be held upon application from a shareholder or director. It also requires that the death, resignation or removal of a director, trustee or officer must be reported to the SEC within 7 days. Finally, it indicates that a surviving or consolidated corporation will assume all the rights and privileges of the previous constituent corporations.
The document discusses rules for rescheduling elections and reporting changes in corporate leadership. It states that if a scheduled election is not held, the SEC may order an election be held upon application from a shareholder or director. It also requires that the death, resignation or removal of a director, trustee or officer must be reported to the SEC within 7 days. Finally, it indicates that a surviving or consolidated corporation will assume all the rights and privileges of the previous constituent corporations.
THE RESCHEDULED ELECTION IS LIKEWISE NOT HELD – The SEC, upon application of a stockholder, member, director or trustee, & after verification of the unjustified non-holding of the election, SUMMARILY ORDER THAT AN ELECTION BE HELD.
The shares of stock or membership represented at such meeting
and entitled to vote shall constitute a quorum for purposes of conducting an election under thus section.
Should a D, T or O die, resign or in any manner cease to hold
office, the secretary, or the D, T, or O of the corp. shall w/in 7 days from the knowledge thereof, REPORT in writing such fact to the SEC.
DISQUALIFICATION OF DIRECTORS, TRUSTEES OR
OFFIC of a corp. organized under the RCCP;
The surviving or the consolidated corp. shall possess all
the rights, privileges, immunities, & franchises of each constituent corp. AND