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Article #6239

Re: West Kingdom's Land Fund, Kingdom Trust, Inc.

#6239
From: Mark Schuldenfrei
Date: Thu, 28 Jan 1993 15:04
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Discussing KTI, and SCA, Inc.

Hal Ravn wrote:
  If there were inter-corporation agreements, then the 'wall of
  separation' between teh two corporations would be breached--or at
  least, thinned considerably.

I'm not sure this is the case, Hal.  Many corporations (although I'm
thinking of regular businesses) allow other corporations to name a
Board Member, or seat one of their own Board Members on each other's
Board of Directors.  Either as a non-voting presence, or as a full
member.  This does not automatically "breach the separation" of the
two corporations, or even weaken it.

He also provided me a reason against separating the two groups:
  The argument against is above.  The argument for is to keep
  'outsiders' from taking over the Land Fund board and removing SCA
  members access and control of over it.

Right enough.  Thanks Hal.

	Tibor
--
Mark Schuldenfrei (schuldy@progress.com)
[I'm just showin' you my opinions: this ain't a gift]
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Message-ID: <1993Jan28.150425.17588@progress.com>
Path: arc1-ca.pugleaf.net!sparky!uunet!scifi!acheron!philabs!linus!progress!schuldy
References: <1993Jan21.201150.24061@advtech.uswest.com> <1993Jan26.175107.27795@progress.com> <1993Jan27.005146.26377@pbhya.PacBell.COM>

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Path: arc1-ca.pugleaf.net!sparky!uunet!scifi!acheron!philabs!linus!progress!schuldy
From: schuldy@progress.COM (Mark Schuldenfrei)
Subject: Re: West Kingdom's Land Fund, Kingdom Trust, Inc.
Message-ID: <1993Jan28.150425.17588@progress.com>
Sender: usenet@progress.com (Mr. Usenet)
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Organization: Progress Software Corp.
References: <1993Jan21.201150.24061@advtech.uswest.com> <1993Jan26.175107.27795@progress.com> <1993Jan27.005146.26377@pbhya.PacBell.COM>
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Date: Thu, 28 Jan 1993 15:04:25 GMT
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