Wednesday, June 27, 2007

Proposal: The Parent of My Parent is My Parent

Passed 6-0.  Brendan

Adminned at 28 Jun 2007 14:20:03 UTC

Add the following after the first paragraph of the rule called “Buyout:”

When one Corporation becomes a Subsidiary of another, all the former Corporation’s Subsidiaries cease to be its Subsidiaries, and become the Subsidiaries of the latter Corporation instead.  This must be recorded on the Inventories of all Corporations involved.

Add the following to the end of the same rule:

If a Corporation becomes a Subsidiary of its own Subsidiary Corporation, the latter Corporation is no longer a Subsidiary.  For example:  if Corporation A were a Subsidiary of Corporation B, Corporation B went Bankrupt, and Corporation A gave Corporation B enough Cash so that they had at least $5M; then Corporation B would be Corporation A’s Subsidiary, and the reverse would no longer be true.

Comments

ChronosPhaenon:

27-06-2007 09:24:08 UTC

for

Kevan: he/him

27-06-2007 09:46:16 UTC

for

Chivalrybean:

27-06-2007 16:18:56 UTC

for

Denis Brandao:

27-06-2007 19:54:48 UTC

for

alethiophile:

27-06-2007 21:35:50 UTC

for Good idea. I hadn’t noticed the mutual ownership loophole.