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Article #6239Re: West Kingdom's Land Fund, Kingdom Trust, Inc.
From: Mark Schuldenfrei
Date: Thu, 28 Jan 1993 15:04
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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Newsgroups: rec.org.sca 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) Nntp-Posting-Host: ellis Organization: Progress Software Corp. References: <1993Jan21.201150.24061@advtech.uswest.com> <1993Jan26.175107.27795@progress.com> <1993Jan27.005146.26377@pbhya.PacBell.COM> Distribution: usa Date: Thu, 28 Jan 1993 15:04:25 GMT Lines: 25