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> Also, if an individual owns many llcs, they only get one individual vote. You may be right but I'm not seeing that in the text of the bill. It says: (3) The
by zuminator 3y ago
> Also, if an individual owns many llcs, they only get one individual vote.
You may be right but I'm not seeing that in the text of the bill. It says:
(3) These provisions shall be construed in accordance with the principle of “one person/entity/one vote.” Where a voter is entitled to vote by virtue of being both a resident and an owner of real property, that voter shall be entitled to only one (1) vote; where a voter is entitled to vote by ownership of two (2) or more parcels of real property, that voter shall be entitled to only one (1) vote.
Elswehere it says it says that a voter can be either a natural person or an artificial entity. So if I have a thousand separate LLCs, and each one owns a separate parcel, then legally it's still "one... entity/one vote."
But even if that is disallowed because my name is on the LLCs, what's stopping me from paying 1000 out-of-state randos off the street fifty bucks each to put their names on a thousand Delaware LLCs but conferring upon me through a side contract power of attorney to vote on their behalf?
It's just kind of weird to me that we nearly had a coup d'etat a couple of years back (ostensibly) over the issue of fake votes, and here's a legislative provision codifying the right of non-residents to vote via a legal fiction. I mean Delaware, you do you, but I certainly wouldn't want this to spread to my state.
- nostromo 3y ago> where a voter is entitled to vote by ownership of two (2) or more parcels of real property, that voter shall be entitled to only one (1) vote. This is the part that says that even if you own multiple (2 or more) LLCs, you can still only vote once.
- zuminator 3y agoThe bill doesn't say even if you own "2 or more LLCs." It says if you own "2 or more parcels of real property." So, who owns the property in this scenario? The LLC owns the property. You personally don't own either parcel. Each LLC owns 1 parcel of property, each LLC is a separate artificial entity, and per the bill, "every owner of property in the City...whether a natural person or artificial entity...shall have one (1) vote." Thus, you can effectively control multiple votes by having a controlling interest in multiple LLCs.