Hi Alan, Thanks for your question. The footnote we provided explained that section and addresses your question. Rosemary will send along a further explanatory note to clarify (as our expert on California not for profit law). Kind regards, Holly Sent with Good (www.good.com) ________________________________ From: Alan Greenberg Sent: Sunday, October 04, 2015 04:47:39 PM To: Gregory, Holly; leonfelipe@sanchez.mx; thomas@rickert.net; mathieu.weill@afnic.fr; accountability-cross-community@icann.org Cc: Sidley ICANN CCWG; ACCT-Staff; ICANN@adlercolvin.com Subject: Re: [CCWG-ACCT] Documents for Posting for CCWG-ACCT Holly, Although it has no direct impact on the current discussion, could you please further elaborate on your statement at the top of page 2 that the corporation can be dissolved by a simple majority of a minimal quorum (5/9/16). The California statute [1900.5.a and 1900.5.a(7)] seems to state that for dissolution, a majority of directors must sign a certificate of dissolution. That would imply that 9 were required (presuming the Board had its full complement of voting directors at that time). Alan At 02/10/2015 03:38 PM, Gregory, Holly wrote: Thomas, Mathieu and Leon and CCWG,, In addition to slides comparing the Sole Member, Sole Designator and Board Proposal from last week (which we understand did not get posted yet) , we are providing a memo as requested in LA that discusses how the statutory rights of a member can be constrained in the Sole Member model. Kind regards, Holly and Rosemary HOLLY GREGORY Partner Sidley Austin LLP +1 212 839 5853 holly.gregory@sidley.com<mailto:holly.gregory@sidley.com> **************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately. **************************************************************************************************** Content-Type: application/pdf; name="CCWG Memo_ Constraining the Exercise of" Statutory Rights (00719283xA3536....pdf" Content-Description: CCWG Memo_ Constraining the Exercise of Statutory Rights (00719283xA3536....pdf Content-Disposition: attachment; filename="CCWG Memo_ Constraining the" Exercise of Statutory Rights (00719283xA3536....pdf"; size=54222; creation-date="Fri, 02 Oct 2015 19:20:05 GMT"; modification-date="Fri, 02 Oct 2015 19:20:05 GMT" Content-Type: application/vnd.openxmlformats-officedocument.presentationml.presentation; name="Revised Slides - Key Characteristics Comparison. CMSM, CMSD, and Board" P....pptx" Content-Description: Revised Slides - Key Characteristics Comparison. CMSM, CMSD, and Board P....pptx Content-Disposition: attachment; filename="Revised Slides - Key" Characteristics Comparison. CMSM, CMSD, and Board P....pptx"; size=493931; creation-date="Fri, 02 Oct 2015 19:20:06 GMT"; modification-date="Fri, 02 Oct 2015 19:20:06 GMT" _______________________________________________ Accountability-Cross-Community mailing list Accountability-Cross-Community@icann.org https://mm.icann.org/mailman/listinfo/accountability-cross-community<https://urldefense.proofpoint.com/v2/url?u=https-3A__mm.icann.org_mailman_listinfo_accountability-2Dcross-2Dcommunity&d=CQMBAg&c=Od00qP2XTg0tXf_H69-T2w&r=1-1w8mU_eFprE2Nn9QnYf01XIV88MOwkXwHYEbF2Y_8&m=qZtP8Afs-4pYIKUroCIUqtba_EdMdiS9sv6FYX-QsWs&s=5wHKh4htmTK6BmJArZBmJvvGeVSfXcUzrVes4XRKptw&e=>