Dissolved Red Reserve Bank (DOC-CO-0020)

Dept. Commerce

Dept. Commerce

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Commerce Department
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Dec 19, 2020
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Registered name: Red Reserve Bank
Register number: DOC-CO-0020
Entity form: corporation
Status: winding up
In-game company: RRB
Nature of business: Red Reserve Bank is a wholly-owned commercial banking subsidiary of Redmont Capital Group Corporation. Its lawful business activities include: accepting deposits from customers; providing loans and credit facilities; offering retail and commercial banking products and services; managing the Bank's treasury and liquidity; and undertaking any other lawful banking or financial activities permitted under applicable DemocracyCraft law. The Bank operates exclusively as a licensed Financial Institution.
Formation instrument: Formed on the Standard Form (RCEA s17(5))
Directors, managers and general partners: Antonfr (Executive Director, Chairman, Chief Executive Officer)
Share classes: Common (1,000,000 authorised, no par value)
Share register: Redmont Capital Group Corporation: 1,000,000 Common

This thread mirrors the official Company Docket. The authoritative record is the DOC portal: DOC-CO-0020 · Company Register · DOC Redmont
Docket entries are posted below as they are filed (RCEA s15(3): the docket is append-only and permanent).

Continued under RCEA s85 from the pre-portal record: https://www.democracycraft.net/threads/36305/
 
Last edited:
Continued under RCEA s85: Red Reserve Bank (DOC-CO-0020)
certificate record · filed by Planke32

This entity existed under the repealed Legal Entity Act and continues under the RCEA as a corporation (s85(1)). Its original filings remain valid (s85(4)); the pre-portal record is the Company Docket thread: https://www.democracycraft.net/threads/36305/

PROFILE INCOMPLETE: the entity must complete its registers via the DOC portal (s85(5), s17).
 
Dissolution approved by the interest holders: Red Reserve Bank (filed by the Department)
dissolution resolution · filed by edwardcul1en

antonfr

Dissolved Post in thread 'Red Reserve Bank'

xXTheoryXx said:
Posting this on behalf with full consent on the sole shareholder of rcgc @antonfr
Click to expand...
I consent that the document filed by xXTheoryXx shall be in full effect

Approved by a resolution of interest holders carrying a majority of all voting power, with at least 50% of all voting power taking part (RCEA s24(3)-(4), s68(1)(b)). The entity winds up its affairs and carries on only the business necessary to do so (s68(3)).

Claims window: any counterparty, interest holder, creditor or other interested person must contact the entity, its directors or the DOC before Mon, 26 Oct 2026 20:17:28 GMT (RCEA s69(3)).

Adopted on 2026-08-16 (RCEA s15(9)).
 
Licence status changed: registered to wound up (licence action #4)
licence · filed by edwardcul1en

Ground: Surrender of the licence for a voluntary wind-up
Conduct concerned: Voluntary wind up.
Basis: Voluntary wind up.
If the institution takes deposits, depositor cover continues for 30 days after deregistration (RCFA s24(5)).

The institution may appeal within 7 days of service to the Commerce Secretary or a designated officer not involved in the decision (RCFA s54(2)). The action stays in force during an appeal unless stayed (RCFA s54(4)).

Electronically signed by edwardcul1en as delegate of the Commerce Secretary

Financial institution: Red Reserve Bank (DOC-FI-0011).
 
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