Yasheng Group (US) News

January 06 2017  
No director elections; no annual meetings; no annual reports
OAG = Office of the Attorney General - in this case of California

"The Attorney General has authority under Corporations Code section 1508 to intervene on behalf of shareholders in a corporation who are denied certain specified legal rights. These complaints include, for example, failure to:

  • Allow shareholders to vote
  • Hold an annual meeting of shareholders
  • Permit a shareholder to inspect records after a written demand
  • Provide an annual report to shareholders"
So a complaint was filed asking the Attorney General to get blue sheets
fixed, directors elected and the two meetings scheduled, noticed and held.
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