Recent

% | $
Quotes you view appear here for quick access.

Sino Clean Energy Inc Message Board

  • jimsutter10 jimsutter10 Aug 19, 2013 11:38 PM Flag

    The power of Nevada Statute 78.345

     

    This is greater power than the power of Delaware law. There is an email address in our 13D filing if you want to be a part of the 15%. We are close. But we are not there.

    NRS 78.345 Election of directors by order of court upon failure of regular election.
    1. If any corporation fails to elect directors within 18 months after the last election of directors required by NRS 78.330, the district court has jurisdiction in equity, upon application of any one or more stockholders holding stock entitling them to exercise at least 15 percent of the voting power, to order the election of directors in the manner required by NRS 78.330.
    2. The application must be made by petition filed in the county where the principal office of the corporation is located or, if the principal office is not located in this State, in the county in which the corporation’s registered office is located, and must be brought on behalf of all stockholders desiring to be joined therein. Such notice must be given to the corporation and the stockholders as the court may direct.
    3. The directors elected pursuant to this section have the same rights, powers and duties and the same tenure of office as directors elected by the stockholders at the annual meeting held at the time prescribed therefor, next before the date of the election pursuant to this section, would have had.
    [35:177:1925; NCL § 1634]—(NRS A 1991, 1231; 2007, 2646; 2009, 1678

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "2. The application must be made by petition filed in the county where the principal office of the corporation is located or, if the principal office is not located in this State, in the county in which the corporation’s registered office is located" So how do you do that when they are in China?

      • 2 Replies to mizesaw
      • = in the county in which the corporation’s registered office is located

        Their registered agent is in Carson City, NV which is also Carson City County. That is where you would file the petition.

      • SCEI has a registered agent in Carson City, NV.

        (But, IMHO, attempting to take control of the Nevada corp is meaningless if Ren is uncooperative or obstructionist. No way you'll get past the HK shell Wiscon, which he also controls, alone. And that's assuming you could actually locate any of the liquid assets in China, the holdings of which have never been fully specified. i.e. no bank names. Big waste of time and diversion from going after the US professionals who aided and abetted this scam.)

    • Call Ren. Maybe he will put his shares in with yours to get well over 15%.

      Doubt it. He doesn't really seem that aligned with you guys.

      Bummer to own shares in a company where shareholders are not just at odds with, but diametrically opposed to the objectives of the CEO.

 
SCEI
0.160.0000(0.00%)Jul 10 3:24 PMEDT