On Mon, 10 May 2010, David Scheidt wrote: > On Mon, May 10, 2010 at 1:36 PM, Onno Meyer <[email protected]> wrote: > > > D > > The more I think about it, the less I understand it :-) > > > > Is it possible to sell "the one share" which provides the > > basic entitlements, perhaps while or after emigrating? If > > so, all sorts of weird schemes and situations become > > possible (see below). If not, there are two fundamentally > > different types of share: > > > > Yes, you can sell shares. They're quite expensive (because the > price is the current value of the income stream, which is substantial.), > and if you can find someone willing to lend you the money to buy one, you > could > mortgage a share as you suggest a bit later on. One problem is that > non-individuals aren't allowed to own shares of the junction corporation, so > you need to find an individual who's willing to lend you money. > >
Legal entities don't need to own shares to accept them as mortage if one of the following constructions is legal: 1) The mortage taker agrees not to sell his share without agreement of the bank (bank is shorter then legal entity so i use it from now on). The mortage taker agrees, that if he can't pay back his loan, he auctions off his share in a way the bank agrees to and uses the proceeds to pay back his loan. 2) A strawman lends the mortage taker the money, that he gets from the back. The bank insures the strawman against all credit risks in exchange for all but a very small portion of the proceeds of the deal. 3) The bank agrees to buy you a share, in exchange for all (or nearly all) the dividends it will ever bring. > > * What happens if a citizen/shareholder leaves the > > share (and voting rights?) with a partner and then > > leaves the system, never to return? Does the share > > get destroyed at some time, or will it remain a > > graveyard share forever? > > > > > They need to contact the dividend office to arrange the receipt of their > money from time to time. Failure to do so will eventually cause the > dividend office to decide you're dead, and execute your will. > If your attorney collects your dividends for you? What if it's the 10th generation of attorneys? > Yes, and people do buy them. but non-citizens don't get to vote their > shares. > Is voting secret? If no are contracts to sell your votes legal? If yes, you can have organisations (ranging from NGOs to political parties, to corporation, to foreign goverments) have buy you shares, in exchange for controlling your vote. One mans groundfloor is an other mans earthmissle @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Johannes Trimmel @@@@@@@@@@@@@@@@ _______________________________________________ GurpsNet-L mailing list <[email protected]> http://mail.sjgames.com/mailman/listinfo/gurpsnet-l
