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
****************************************************************************************************
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