On Mon, May 10, 2010 at 3:37 PM, Johannes Trimmel < [email protected]> wrote:
> > > 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. > > How does the corporate lender enforce their rights? They can't sue to repossess, since they can't own the asset. > > > * 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? > Your attorney is not you. the corporation doesn't care what you do with the money, they're just obligated not to pay dead people, and the way to prove your not dead is to appear. -- David Scheidt [email protected] _______________________________________________ GurpsNet-L mailing list <[email protected]> http://mail.sjgames.com/mailman/listinfo/gurpsnet-l
