Re: [s-d] [s-b] hostile takeovers

[Jay Campbell <bnomic@xxxxxxxxxxxxxxx>]

The text from that earlier version:

"A Potential Sockholder may become a member of this contract by 
announcement or by purchasing a Black sock."

I had already purched a black sock, automatically wrapping me into 
membership -- one interpretation.

If socks survive my last email I plan to file a consultation around this 
fuzziness.

Non-voting, non-dividend-bearing socks ... stink. Power to the shareholders.

j


Jamie Dallaire wrote:
> I'm not sure a distinction between member and other terms applies across all
> contracts. But it does apply at least to Black Corp. Check its (former)
> Articles of Incorporation to see in point 2 how becoming a member was
> defined. Now, with the new Articles, there is no specified way to become a
> member. But the Rules of B themselves do not specify what a member is, ever.
>
> BP
>
> On Thu, Oct 2, 2008 at 1:07 PM, Jay Campbell <bnomic@xxxxxxxxxxxxxxx> wrote:
>
>   
>> Tyler wrote:
>>     
>>> I think you may be a bit confused J. A member of a contract is not a
>>>       
>> party
>>     
>>> to/of a contract. That is why you didn't become a Voting Sockholder of
>>>       
>> Black
>>     
>>> Corporation when you became a member of its contract. That is also why
>>> Wooble can be a member of his Corps without being a party to their
>>> contracts.
>>>
>>>       
>> I fail to see the distinction between "joining" a contract, "becoming a
>> member" of a contract, or "becoming a party to" a contract.
>>
>> The rules only state: As a Game Action any Legal Entity may voluntarily
>> become bound to a Contract unless the text of that contract would
>> prohibit such an action.
>>
>> "Join" has been a B synonym for "voluntarily become bound", and I don't
>> recall anyone ever using the latter language to become a party to any of
>> the existing contracts.
>>
>> Looking over the docs again, I still fail to see a distinction between
>> "party" and "member". Someone enlighten me.
>>
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>>
>>     
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