Pending Mountain Investment Authority Corporation - Corporation

[Maxib02]

Entity Name Mountain Investment Authority Corporation

In-game Firm MountainInvestmentAuthority

Economy Explorer Link DemocracyCraft Economy Explorer

Purpose To engage in any lawful activity, primarily to buy and sell goods and property, preferably buying at a low price and selling at a higher price.

Legal Correspondence Designee SniperElite508

Type of Firm Corporation

Will this Corporation make use of the Standard Form? No

Share Classes Class A Shares: 25,000 shares at $0.1 par value, with voting rights.
Class B Shares: 25,000 shares at $0.1 par value, with no voting rights.

Certificate of Incorporation I have submitted my Certificate of Incorporation as an attached PDF in the "Formation Instrument" field below.

Share Register Class A Shares
Noobly20932: 56,250
Maxib02: 18,750

Class B Shares
MountainInvestmentAuthority: 24,000
Maxib02: 1,000

Formation Instrument (PDF) File(s) attached

 

[MattQiu]

DEPARTMENT OF COMMERCE — FILING COMPLIANCE REVIEW

Thank you for submitting your incorporation filing for Mountain Investment Authority Corporation. Upon review under the Redmont Corporate Entities Act (RCEA), the Department has identified the following issues that must be addressed before this filing can be processed and accepted:

1. Share Number Contradiction: Your filing indicates 25,000 Class A shares are issued. However, the total number of shares in the share register is 75,000. This also contradicts your Certificate of Incorporation which lists 75,000 Class A shares.
2. Omission of Required Text Summary (RCEA s.15(9)): If you choose to retain a bespoke PDF attachment, RCEA s.15(9) mandates that your forum post body state in text what the document is, its adoption date, and a summary of the provisions it creates, alters, or removes.
3. Confusing Wording: In section 6 of your certificate of incorporation, it states "Class A votes always prevail." This means that Class B has functionally no voting power. Please rewrite this to remove as much ambiguity as possible. If you wish to have Class B hold no voting power, state as such. Otherwise, remove the last sentence, as this allows for both classes to have voting power but for Class A to serve as a tiebreaker.

Please reply below with the requested updates and corrections within 7 days so we may proceed with your incorporation.