Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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simonkabz wrote:In the eyes of the law, a company is an independent artificial person. Thus, kamau, ojwang, equity bank, EABL, wanjiku etc are all persons, with certain rights eg property ownership. The company property therefore belongs to the company, period. No shareholder can lay claim unless the company ceases to exist. Neither can any of the shareholders use, sell or transfer the company property in individual capacity. I thnk the point here is DIRECT OWNERSHIP. With this in mind, could eegads have sold the core property without an AGM? Change core business without CMA n shareholders approval? Im in doubt. My few cents. We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.(Warren Buffet)
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