[TML] xBoat List Etiquette

[Richard Aiken]

On Dec 29, 2007 2:02 AM, Jerry W Barrington <jursamaj at yahoo.com> wrote:
> On 12/28/07 10:09 PM, "Richard Aiken" <raikenclw at gmail.com> wrote:
>
> > I wonder if a privately-held corporation might work?  When it forms,
> > stock is issued based on contributions.  When someone else wants to
> > buy in, they have to be voted stock by the existing membership.  And
> > you "get a divorce" by selling your stock back to the rest of them.
>
> No corporation could really manage if the holders could cash out any time
> they wanted.  The point of the capital is to be used, not held liquid.

You could put in minimum duration clauses, couldn't you?  Like those
"limited term marriages" you see pop up in SF stories sometimes.

Although, like Leonard posted above, getting anyone to pay attention
would be a real bother.  Unless one of the shareholders (NOT the one
in the hospital bed) was a really convincing lawyer.  Or wealthy.

I remember one story where one of the characters - stymied by an
officious bureaucrat - said he was going to sue.  The bureaucrat was
unfazed: "You can't sue us.  We're the government."  The character - a
fairly wealthy sort - responded with something like: "You
misunderstand.  I won't be suing the government.  I'll be suing YOU.
Personally.  For willfully failing to provide the good faith required
of you by your position.  Have a nice day, now."

-- 
Richard Aiken

"Never insult anyone by accident."  Robert A. Heinlein