4 ms·
> You can also do hilarious (to me) things like create enough shareholders (let's say 7 billion), make shares non-transferrable, etc, so that even though theore
by jjani 2y ago
> You can also do hilarious (to me) things like create enough shareholders (let's say 7 billion), make shares non-transferrable, etc, so that even though theoretically it requires a vote, such a vote is practically impossible.
Doesn't this mean it's quite possible to achieve what they want? Is there a limit on how absurd the statutes can get (at least in your jurisdiction)? Votes have to be held at 3:00AM on Mondays, in person, at the company voting office, which happens to be on top of Mt. Everest?
- anticensor 2y agoIn-person voting requirements are typically enforceable if the place is real and legally and practically accessible. IANAL though.