Offshore Banking with a Swiss Bank Account and Nevis LLC
Contents of articles of incorporation
25. The articles of incorporation shall set forth: (1) The name of the corporation; (2) A statement that the corporation is formed under this Ordinance; (3) The succession of the corporation if other than perpetual; (4) The purpose or purposes for which the corporation is organized. It shall be sufficient to state, either alone or with other businesses or purposes, that the purpose of the corporation is to engage in any lawful act or activity for which corporation: may be organized under this Ordinance, and by such statement all lawful acts and activities shall be within the purposes of the corporation, except for express limitations, if any. (5) The address of the corporation in Nevis which shall be the address of its registered agent. (6) The aggregate number of shares which the corporation shall have authority to issue; if such shares are to consist of one class only, the par value of each of such shares, or a statement that all of such shares are without par value; or if such shares are to be divided into classes, the number of shares of each class, and a statement of the par value of the shares of each class or that such shares are to be without par value. (7) If the shares are to be divided into classes, the designation of each class and a statement of the preferences, limitations, and relative rights in respect of the shares of each class. (8) The number of shares to be issued as registered shares and as bearer shares and whether registered shares may be exchanged for bearer shares and bearer shares for registered shares. (9) If bearer shares are authorized to be issued, (i) appropriate procedural provisions respecting the rights and obligations of bearer shareholders including those relating to (1) notice of meetings or other action, (2) payment of dividends and, (3) qualification for voting; or, (ii) a statement that the provisions required by (i) above shall be set forth in the bylaws. (10) If the corporation is to issue the shares of any preferred or special class in series, then the designation of each series and a statement of the variations in the relative rights and preferences as between series insofar as the same are to be fixed in the articles of incorporation, and a statement of any authority to be vested in the board of directors to establish series and fix and determine the variations in the relative rights and preferences as between series. (11) If the initial directors are to be named in the articles of incorporation, the names and addresses of the persons who are to serve as directors until the first annual meeting of the shareholders or until their successors shall be elected and qualify. (12) The name and address of each incorporator. (13) Any provision, not inconsistent with law, which the incorporators elect to set forth in the articles of incorporation for the regulation of the affairs of the corporation, including the designation of initial directors, subscription of stock by the incorporators, and any provision restricting the transfer of shares or providing for greater quorum or voting requirements with respect to shareholders or directors than are otherwise prescribed in this Ordinance, and any provision which under this Ordinance is required or permitted to be set forth in the bylaws. It shall not be necessary to enumerate in the articles of incorporation the general corporate powers stated in section 12 of Part II.
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