Pending Corporation - Torten Regular Unites States Savings Banking Corporation d.b.a TRUSS Bank - Business Incorporation Registration

[torten]

Type of Legal Entity Being Formed: Corporation

Proposed Registered Name of Entity: Torten Regular Unites States Savings Banking Corporation d.b.a TRUSS Bank

In-Game Company Name: TRUSS

In-Game Name(s) of Incorporator(s)/Formator(s): tortenwashere

For Corporations and SPEs: Please attach your signed Certificate of Incorporation and, if applicable, your Bylaws.
For LLCs: Please attach your signed Certificate of Formation and LLC Operating Agreement. File(s) attached

Contact Information: torten.xyz

Agreement:

• The submitted documents are complete, final, and have been prepared in accordance with all relevant provisions of the Legal Entity Act (A.P.020).
• I understand that the MoTF will review this filing for compliance and that the entity's legal existence begins only upon the official signature of the formation instrument by the MoTF in a newly created Company Docket.
• I have read and understood the duties, liabilities, and responsibilities associated with the type of entity I am forming.

 

[Nim]

Dear tortenwashere,

During our statutory review of your application for the Torten Regular United State Savings Banking Corporation, we identified the following issue(s) that must be cured before we can proceed. The 5-day review clock is now PAUSED.

• [DEF-C1: Non-Compliant Inactivity Clause] Your Article IX is non-compliant. The notice period must be a minimum of 72 hours (not "one business day"), and the mandatory buyback must be at par value (not "book value"). Please amend this article to meet the statutory minimums outlined in Handbook §4.2.
• [DEF-C2: Contradictory Share Rights] Your Article VI states Class A stock receives no dividends, but Article VII states dividends are paid to Class B and C stock. No Class B stock is defined in your charter. Please clarify and correct these articles to be consistent.

Please file a single, corrected Certificate of Incorporation that cures all of the above deficiencies within 72 hours.

Regards,
MoTF Secretary – Ministry of Trade & Finance

 

[torten]

Hello! Good day, here is the fixed Certificate of Incorporation.

Have a nice day.

 

[Nim]

Dear tortenwashere,

During our statutory review of your application for the Torten Regular United State Savings Banking Corporation, we identified the following issue(s) that must be cured before we can proceed. The 5-day review clock is now PAUSED.

• [DEF-06: Missing Referenced Document] Article X of your filing delegates powers to corporate Bylaws. Per ministry policy (§4.1), if the Certificate references or delegates power to Bylaws, the Bylaws document must be attached to the filing for review. Please provide the Bylaws.
• Recommendation for Clarity: In Article VI, the second class of stock is referred to as both "Class C" and "Executive Stock." We recommend you amend this to use a single, consistent name for the class to avoid future confusion.

Please file a corrected Certificate and the accompanying Bylaws within 72 hours.

Regards,
MoTF Secretary – Ministry of Trade & Finance