Myself and the other 2 owners are part of the Board of Directors. The Board decided by a majority vote that only 1 of the owners would have signing authority and deny me that. Since the company owes me a lot of money and they are making decisions of not paying back debt on my personal credit card that before was being payed. Do I have the legal right to still write checks to try and pay the payments on the credit card ?
2006-09-28 17:29:18 · 3 answers · asked by Jeff K 1 in Business & Finance ➔ Small Business
If the company is set up w a board of directors, they have the right to remove your signing authority
You also have the right to file suit against the company and the other 2 individuals for funds owed!
2006-09-28 17:34:25 · answer #1 · answered by Anarchy99 7 · 0⤊ 0⤋
if you have a paper trail and can point out that you invested your money into the company then yes you still have a right to a portion of the company's assets.
2006-09-29 00:33:18 · answer #2 · answered by Joseph M 2 · 0⤊ 0⤋
I would just get a lawyer and say the hell with it and take it all.
2006-09-29 00:37:32 · answer #3 · answered by ? 4 · 0⤊ 0⤋