Tyler on Tue, 19 Aug 2008 01:22:36 -0700 (MST) |
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[s-b] Proposal on Officer Powers |
To tie up loose ends I submit the following proposal: {{ Title: Option to Limit Officer Power Body: Change the paragraph of the text of Rule 79 that reads "A Corporation is an entity defined by a Contract declaring itself to be a set of Articles of Incorporation. These Articles must, at a minimum, give the Corporation a name and define at least one Officer. Officers of a Corporation shall collectively ensure that the Corporation fulfills the obligations specified in its Articles. An Officer can act on behalf of a Corporation by sending a message to the Public Forum explicitly stating that the Actions described in the message are being performed by the Corporation. " to read "A Corporation is an entity defined by a Contract declaring itself to be a set of Articles of Incorporation. These Articles must, at a minimum, give the Corporation a name and define at least one Officer. Officers of a Corporation shall collectively ensure that the Corporation fulfills the obligations specified in its Articles. An Officer can, *unless otherwise specified in the Articles of Incorporation,* act on behalf of a Corporation by sending a message to the Public Forum explicitly stating that the Actions described in the message are being performed by the Corporation." }} My argument: The Black Corporation, for example, has multiple officers, and they need not be bound by the contract to hold office. Those who pay money to join a corporation should not have to worry that their officer(s) might give their money to whomever it pleases them, or do some other equally appalling act. As the rules stand, no contract, Articles or otherwise, can limit an officer's right by rule 79 to act instantly and with impunity in the name of eir corporation if the officer is not a party to the contract. _______________________________________________ spoon-business mailing list spoon-business@xxxxxxxxx http://lists.ellipsis.cx/mailman/listinfo/spoon-business