comex on Tue, 14 Oct 2008 06:31:58 -0700 (MST) |
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Re: [s-b] Consultation 137 |
On Tue, Oct 14, 2008 at 5:05 AM, Ed Murphy <emurphy42@xxxxxxxxxxxx> wrote: > 0x44 wrote: > >> I answer consultation 137 NO. >> >> 4e79 ostensibly obligates Officers of a Corporation to collectively >> ensure that the /Corporation/ fulfills its obligations as specified in >> its Articles. It does not establish that the Articles establish >> obligations upon the Officers themselves. Furthermore, if 4e79 obliged >> the Officers of a Corporation to fulfill obligations as defined in the >> Articles of their Corporation, Rule 4e70 expressly prohibits Contracts >> (of which Corporations are a subset) from binding any Legal Entity who >> does not /voluntarily/ become bound to the Contract. Since Officers are >> bound by the Articles of Incorporation to act on behalf of the Company, >> and Rule 4e70 provides only a single mechanism for becoming bound to a >> Contract, the CPA and CPA2 contracts could not have produced a >> Corporation, as Rule 4e79 requires that the Articles name at least one. > > I declare this answer INCONSISTENT. > > 4e79 says nothing about binding the Officers of a Corporation to its > AoI; the Officers are instead bound by 4e79 itself to ensure that the > Corporation fulfills its obligations. The CPA2 contract happens to > impose obligations on the CPA2 Corporation that cannot be fully met > unless its Officers perform certain actions. I declare this answer INCONSISTENT, for the same reasons. _______________________________________________ spoon-business mailing list spoon-business@xxxxxxxxx http://lists.ellipsis.cx/mailman/listinfo/spoon-business