Even though K2 products do not contain any controlled substances, many states have already adopted legislation making the same laws that apply to marijuana or other controlled substances also apply to K2 products. Those states that have adopted legislation making K2 illegal are Kansas, the first state to ban K2, Iowa, Missouri, Arkansas, Kentucky, Alabama, Michigan, and Illinois (K2 will remain legal in that state until the end of 2010.) So, this means that in the other 42 states, K2 is still legal.
Many people question why K2 legality should even be an issue. After all, as has already been mentioned, there are no controlled substances in K2 like there are in marijuana and other drugs that are considered illegal. Except for those K2 products which do have synthetic chemicals added to them, the herbs and botanicals found in them are natural. The herbs are the same as those cultivated for use in a home or restaurant kitchen, or that grow wild. The same holds for the botanicals-which is just a “dressed-up” word for plant parts. The plants that are chosen to be combined with the herbs grow naturally indifferent parts of the country or the world.
It is known that some herbs and plants have medicinal properties, and some do contain natural substances that may have an effect on some people. For example, an herb with the very descriptive common name of “Horny Goat Weed” comes from China. Its real name is Epimedium. The Chinese have long believed this plant has aphrodisiac properties. One type of K2 product, SolidSex, has this plant in it, along with herbs and other plants.
Another thing that may have some people wondering about the K2 legality issue is the intended use for K2 products. K2 manufacturers make K2 products for use as incense. The products are intended to be used in incense and potpourri burners or otherwise heated in a safe manner until the aroma and essences of the herbs and botanicals can be detected.
Now, it is true that heating K2 incense products will also release any synthetic chemicals that were added to the natural herbs and botanicals. And, some people maybe affected by these chemicals. However, they may also feel the effects of any natural essences that can be found in certain plants, such as Horny Goat Weed.
Perhaps the best way to approach K2 legality issues is by doing so the same way that any issues would be considered. If K2 has been made illegal in your state, but you still wish to use it then you will have to think about whether the risk of being caught inpossession of K2 incense will be worth it.
If you live in one of the states that have made K2 smoke illegal, you probably know you canorder it online from the privacy of your own home. If you buy k2 and only use when you are in the privacy of your home or at someone’s home to which you have been invited, and do not go out in public if you are feeling any effects until they have completely worn off, you should not have any problems.
In those states where it is still legal to purchase, possess, sell, distribute, and use k2 incense, then you know that not only can you purchase it online, you can also buy it incertain retail outlets. That’s because it’s an incense product, just like the incense you buy at other places. You should still, however, only use K2 incense at the right time (when you have taken care of all obligations and responsibilities) and in the right way (as incense only.) Again, if it does affect you, you should not drive or operate heavy machinery, and you should remain where you are until all effects have worn off.
There is a lot of buzz related to motor scooters and street legal gas powered scooters in the present market. The sales of such scooters are sky rocketing as there are more and more number of customers who are struggling to get their hands on fuel efficient scooters. For the past five years the price of gas has gone up, breaking all limits and so most riders feel they are left with no other choice except to pay more to drive to work. There are a number of resourceful drivers who have been looking around for ways to cut down the cost of fuel consumption and so they try to get their hands on motor scooters and street legal gas powered scooters.
Gone are the days when low powered scooters were used as toys by most youngsters. There are a number of manufacturers who try building motor scooters that drive on any type of terrains. There are a number of street legal gas powered scooters equipped with 50 cc engine and there are a number of people who are more interested in larger motor scooters that are fuel efficient. These types are generally equipped with 100cc engine and have large tires, windshields and radios. These are considered as new generation motor scooters and street legal gas powered scooters and best option as personal transport system. When deciding to purchase one such motor scooters it is important that you have a closer look at the engine configuration as this is one main factor. It all depends on the terrain where you are going to ride you scooter so in case you get your hands on smaller versions then you may have to try and stay away from busy streets and highways.
So if you are going to drive on highways then you need to purchase one that has engine power more than 100cc. Most features certainly does depend on what you are planning to do with your street legal gas powered scooters. If you are going to drive for a longer periods of time then you need one that provides with ample storage facility for fuel and other goods. It should also be provided with best suspension system, windshield and large tires. You also have to try and purchase one that is having a very comfortable seat depending on the body shape and is comfortable for long drives.
For most people cost in one important factor that helps in deciding the right model you have to purchase. If you are always looking around for cheap motor scooters then there are a number of off-shore models that make up the best choice for anyone. There are a number of models that are China made and may cost only around $1000 but if you are not cost concerned, then you can get better models for $5000 made by Honda or Yamaha. Suzuki also offers with some of the best motor scooters and street legal gas powered scooters, but you have to spend little more. These models are generally termed as models for big boys and can match any regular bike in speed and comfort.
Every business established in China, whether domestic or foreign, is required to have a legal representative. He/she is the main principal of the company and is the employee with the legal power to represent and enter into binding obligations on behalf of the company in accordance with the law or articles of association of the company. Essentially, the legal representative is someone who is appointed to act on the companys behalf and Article 38 of the General Principles of Civil Law of the Peoples Republic of China defines the role as the responsible person who performs the duties and powers on behalf of a legal person in accordance with the law or the constituent documents of the legal person.
However, foreign investors often have only a limited understanding of the legal representatives role and are startled when they learn of their power and how difficult it is to replace an un-cooperative one. Legal representatives possess broad powers and potentially unlimited liability. When concluding a contract a legal representatives acts are binding on the company even if he/she is acting beyond their authorized scope. Failure to properly understand the powers and responsibilities of a legal representative can therefore lead to a situation where foreign investors are held to ransom. In appointing a legal representative, it is vital to bear in mind that the legal representative will essentially have the full keys to the company, cash, and capital.
Amendments to the PRC Company Law require a new company established on or after January 1, 2006 to appoint a supervisor, or board of supervisors depending on the size of the company, whose role is to monitor the activities of the legal representative. Shareholders and employee representatives of a company can act as supervisors. However, members of the companys board of directors or senior management may not simultaneously serve as supervisors. If a company has a board of supervisors, it must have a proportion of employee representatives which accounts for at least one-third of supervisory membership. The supervisor, like the companys directors, is not required to reside in or visit China.
The main role of the supervisor is to safeguard and supervise the operation of a company and exercise supervision over the work of directors and senior management. The Company Law gives supervisors an array of powers, such as inspecting the companys finances, supervising the company directors and senior managers, recommending dismissal of directors or senior managers who violate laws or damage the companys interests, proposing shareholder meetings, and any other powers specified in the companys articles of association.
The role of supervisor is very relevant to the potential liabilities of the legal representative as they are permitted to supervise and constrain the legal representative in order to reduce the potential risks of a rogue legal representative acting on behalf of the company.
As we know, legal environment plays an important role for investment environment, and is also a necessary factor of attracting potential foreign investors. In this case, it has become an essential indicator for improving investment environment in China. Since reform and opening up of China, a series of foreign investment law was published during 1980s to build a legal system of foreign investments. “Law of the people’s republic of China on foreign-owned enterprise”1 and “the law of foreign-owned enterprise implementation regulations”2are parts of them. As a mount of foreign-owned company established in China in last century and China joined in WTO in 2001,”Law of the people’s republic of China on foreign-owned enterprise”and its implementation regulations have been amended in 2000 and 2001 respectively to adapt to the new changes in economic circumstances. Thus a free and open legal environment for foreign enterprises has been improved initially. For example: the enterprise’s obligations of exporting3 and reporting the production plan4 were canceled, which was stipulated in the old foreign-owned enterprise law. Moreover article of “the priority to buying Chinese raw materials and fuel under the same conditions5” was removed either, in order to esteem business autonomy; articles contrary to the provisions of the stipulation of WTO were deleted as well, including “balancing own foreign exchange”6, “requirement for local materials” , “requirements for exporting implementation” etc.
Though the new foreign-owned enterprises law considered more about the new economic situation, there are still some incomplete aspects which restrict the foreign-owned enterprises to go further in China market. Meanwhile, several conflicts are arising between new “company law”, which was published in 2006, and foreign-owned enterprise law. Those problems all affect the development of foreign-owned enterprises in China. From this point of view, this article will analyze the drawbacks of foreign-owned enterprise law and the effect of them on China’s legal environment:
1) Implementing issues of foreign-owned enterprise law.
Firstly, the amendments for “foreign- owned enterprise law” and their implementing regulations in respect of procedure matters were not enough; therefore, the fact that to set up a foreign-owned company would experience eventually a very complex, long and inefficient process, has not been changed fundamentally. Under the current regulations, the basic formation process includes the following steps: (1) Submit the application to the government of county level or above the county level where the foreign-owned enterprise will be established, and deliver relevant documents. (2) Submit the application through the above government to the approval authority for approving the establishment. (3) Registration in the industrial and commercial bureau. (4) And other related registrations. The completed process not only links many departments, but also requests for submitting a variety of written materials. The whole process usually makes potential foreign investors too confused to continue the investment. Finally, the enthusiasm of foreign investors is weakened badly. Fortunately, all levels of government have stood on the front line of attracting investment, and taken various measures to improve the investment environment to promote investment practically. At the same time county, district, development areas have been authorized to approve the project directly through various forms. Above all, it is absolutely significant and possible to simplify the procedures of foreign-owned enterprise establishment.
Secondly, the problem of long establishing period is also worth consideration. Foreign-funded enterprises will spend about six months on registration and approval procedures under current regulations. But in practice, a number of areas’ governments have reduced processing time to provide conveniences for foreign investors. For instance: Henan province commits that approval of foreign investment will be finished in five working days. In addition, the government of Shenzhen province also commits that the application, approval and registration in the industrial and commercial bureau of encouraged project7 will be finished within 12 working days. Therefore, from my point of view, establishing period should be shorted in order to enhance the enthusiasm of foreign investment.
2) Conflicts between foreign-owned enterprise law and new company Law Foreign-owned enterprise law, which is an important part of “Foreign Investment Law8” , has been outside the company law system alone for several decades, and formed a set of enterprise system and legal rules different from company law. One part of those rules is about the unique system and stipulations, which are related to the foreign economic relationship; the other part is about the general rules and system of corporation limited. In response to this conflict, company law provides that the limited corporation which is funded by foreign investor adapts company law; but also provides, at the same time, that if there are “other regulations” in the foreign-owned enterprise law, adapt its regulations. The problem is what the “other regulations” point. It is reasonable, if they refer to the unique system and rules of foreign-owned enterprise law; if, however, they include every aspect of present foreign-owned enterprise law, the situation of undermining the legal unification will emerge. Therefore how to deal with the situation? A legal pattern of the foreign-owned enterprise law ruling its unique system and the regular rules of a corporation adapting company law should be established. By doing so, these two laws would coordinate with each other smoothly. The confusions of foreign investors can be reduced to a great extent during the daily business contacts.
The authority has paid attention to above problems and recognized the negative effect of these drawbacks. Some officials of Commerce Ministry said that amendments of foreign-owned enterprise law are in the pipeline. I do hope these problems will be resolved in the amendments. A better and healthier legal environment for foreign-funded enterprises will be provided as a result.
1It will be simplified as foreign-owned enterprise law in the following text.
2It will be simplified as the implementation regulations in the following text.
3Refer to Article 3 of the old implementation regulations: “the annual output value of export products accounts for more than 50% of the annual output value of all products”.
4The foreign-owned enterprise should submit its product plan to relevant authority and enforce the product plan as an economic administrative contract.
5Refer to Article 15 of the old foreign-owned enterprise law: “within the scope of the operations approved, enterprises with foreign capital may purchase, either in China or from the world market, raw and
semi – produced materials, fuels and other materials they need. When these materials are available from both sources on similar terms, first priority should be given to purchases in China”.
6Refer to Article 3 of the old implementation regulations: “the annual output value of exported products accounts for more than 50% of the annual output value of all products, thereby realizing the balance between revenues and expenditures in foreign exchange or with a surplus”.
7Refer to the implementation regulations Article 3: A foreign-funded enterprise to be established must benefit the development of China’s national economy and be capable of gaining remarkable economic results. The state encourages foreign-funded enterprises to use advanced technology and equipment, engage in the development of new products, realize the upgrading of products and the replacement of old products with new ones, economize energy and raw materials, and it is also encouraged to establish foreign-funded enterprises which are export oriented.
8Chinese Foreign Investment Law concludes “Law of the peoples republic of China on Chinese-foreign equity joint ventures”,”Law of the peoples republic of China on Chinese-foreign contractual joint ventures”,”Law of the peoples republic of China on foreign-owned enterprises”, and their implementation regulations.
The existing financial footing is really conducive for license bank. Financial position is getting harder day-by-day even for the people with great credit record. These days folk are finding it tricky even to feed their families. They’re compelled to ask for personal loans from a funds provider in this context. A bank can either be an individual or group of persons or a registered firm that’s permitted to provide financial help to individuals as well as institutions from their personal assets which must be paid back by the borrowers in the stipulated time alongwith interest.
Though you can take personal loans from anybody but it is better for the borrowers to comprehend the need of taking loans from a license bank instead of another person as the loans are available at different terms and IRs in the market. Routinely lenders quote terms and interest rates as per the private circumstances of the borrower or all alone lending policies. Though there is no fixed rule about the term of loan as some of the banks offer short term private loans whereas others may well offer you long-term loans but whatever be the term of repayment it has effects on on the details of full loan. To avoid receiving penalties and costs on the delinquent liabilities the borrower should repay the loans in time whether he was granted loan against some collateral like property or other valuable assets or on personal recommendation of another person.
A license funds provider, individual or corporate, is thought to be a legal, trustworthy and rapidly working entity who can provide monetary assistance to the borrowers from his very own legal monetary assets. Scanning a reputable license bank will protect you from being victim of fraud and sting money lenders who may offer monetary help at moneymaking terms but may cost dearer eventually. A money lender is a valid organization or person on which can folk can confidently trust for their money needs.
Benefits of license money lender
First benefit of license bank is that he’ll avail finances easily, quickly and efficiently at the time of need. He’ll simply establish the suitability of the borrower for his monetary prerequisite by evaluating his credit score. Getting into contact with a approved lender is rewarding for everyone who is facing money problem anytime in his life. But still you need to shop among them to find a appropriate and reputable one for your financial assistance. A licensed bank looks after his buyers like his folks. So it is vital to search for a license lender.
Worldwide approval of bank is the second advantage of contacting him as it makes it easy to avail his services any where in the world. You can borrow from approved lenders anyplace worldwide as many of them work at similar terms whether or not they are based in USA, Finland, Dubai or China. The inflating use of web has made it simple to borrow private loans from a lender of even a different country. The situation of lender or borrower has become immaterial in the present day’s context. You can consult license money lender of any country to have financial assistance to gain your financial targets by comparing them.
Universal interest rate is the subsequent benefit of selecting bank for taking personal loan from all over the world. Generally IR varies among various money banks and one has to search around the world to discover the best rate of interest for his private loan. But this isn’t the issue with licensed lenders anywhere in the world as they offer private loans at typically accepted interest rates.
Though, it hardly matters that you borrow private loans for which purpose but having it from a licensed lender makes much difference in some ways. You need to think over the benefits of availing the services of approved funds provider before making an application for online private loan.