Jefferson 19:01 - 25:90

Instances where the corporation whose term is for 50 years, to exist for less than 50 years:

when the certificate of registration has been suspended, revoked by the SEC because of: fraud in obtaining the certificate of registration serious misrepresentation failure to file by-laws failure to file the required reports failure to comply with substantial requirements when it comes to form

on capitalization, how much is to be subscribed? at least 25% of the authorized capital stockpaid-up? at least 25% of the subscribed capital stock but not less than 5,000when are they going to pay the balance? it depends if there is an agreed date on the payment as provided by the directors if there is an agreed date, they must pay on the said date if none, payable upon call which means the director may call for the payment of such balanceupon call means? the board will decide when to demand for the payment of the balanceif the call has been made and no payment has been made? the board may compel them because that is there commitment to the companywhat is the way to compel them? the board will not issue them dividends suspension of voting rightsyou are now unable to pay, how do I now call you as a stockholder? delinquent stockholder right to vote is suspended right to dividends is suspendedcash dividends are declared, if you are the corporation what would you do with that dividends? I will not release the dividends to the delinquent stockholderIf the dividends is worth 10,000 and the due is 5,000, what would you do?- I would ask that the dividends be applied to the delinquent shares and if there is a balance, just give me the excess.