Offshore Banking with a Swiss Bank Account and Nevis LLC

Organization meeting

29. (1) Within a reasonable time after the filing of the articles
of incorporation, an organization meeting shall be held either
within or without Nevis. The said organization meeting shall be
held, in person or by proxy, by the initial directors named in the
articles of incorporation or by the incorporator or incorporators or
their transferees pursuant to subsection (2) hereof. The purpose of
the meeting shall be to adopt bylaws, transact such business as may
come before the meeting, do such acts to perfect the organization
of the corporation as are deemed appropriate and, if the initial
directors are not named in the articles of incorporation, elect
directors to serve or hold office until the first annual meeting of
shareholders or until their successors are elected and qualify.
(2) If the articles of incorporation state that the
incorporators have subscribed for stock, such subscriptions
may be transferred prior to the organization meeting of
directors and such transferees may hold the organization
meeting of incorporators.
(3) Any action permitted to be taken at the
organization meeting may be taken without a meeting if
each incorporator, transferee or director signs an instrument
setting forth the action so taken.