I voted up this answer and will add the following:
It appears that certain essential steps and documents were omitted when the corporation was formed. The corporation (as contrasted to the cash investor) needs to retain an experienced business lawyer ASAP to figure out what is going on and correct any problems.
Dana Howard Shultz Piedmont Business Attorney
Posted about 15 years ago.
I voted up this answer and will add the following:
It appears that certain essential steps and documents were omitted when the corporation was formed. The corporation (as contrasted to the cash investor) needs to retain an experienced business lawyer ASAP to figure out what is going on and correct any problems.