Offshore Banking with a Swiss Bank Account and Nevis LLC

Removal of 50. (1) Any or all of the directors may be removed for cause by
directors vote of the shareholders. The articles of incorporation or
the specific provisions of a bylaw may provide for such
removal by action of the board, except in the case of any
director elected by cumulative voting, or by the holders of
the shares of any class or series when so entitled, or by
provisions of the articles of incorporation.
(2) If the articles of incorporation or the bylaws so provide,
any or all of the directors may be removed without cause
by vote of the shareholders.
(3) The removal of directors, with or without cause, as
provided in subsections (1) and (2) is subject to the
following:
(i) In the case of a corporation having cumulative
voting, no director may be removed when the votes
cast against his removal would be sufficient to elect
him if voted cumulatively at an election at which
the same total number of votes were cast and the
entire board, or the entire class of directors of which
he is a member, were then being elected; and
(ii) When by the provisions of the articles of
incorporation the holders of the shares of any class
or series, or holders of bonds, voting as a class, are
entitled to elect one or more directors, any director
so elected may be removed only by the applicable
vote of the holders of the shares of that class or
series, or the holders of such bonds, voting as a
class.