Is the other person willing to accept your transferring of your shares to him or anyone for that matter?
That's what I would do first. If they won't accept doing that then you have the option of dissolving the corporation yourself which is not an easy endeavor if they would fight you on the matter.
You don't have to put any more monies into the corporation regardless of what they say.
If the corporation isn't profitable or is losing monies - that one of the main reasons to dissolve it.
No, they can do and be it all for the corporation if they so desire.
One person may be President, Secretary, or Treasurer (or any combination of officers) of the corporation as well as the sole Director of a corporation.
The corporation's bylaws may prescribe additional qualifications for directors so long as they are not in conflict with the articles of incorporation.
Officers: The bylaws may either list the officers or state that they will be appointed by the board of directors. The bylaws or the board may also delegate the responsibility of preparing minutes and maintaining corporation records to one of the officers. As stated previously, one person may hold one or more officer positions for the corporation at the same time.
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