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Hi Alan, Thanks for your question. The footnote we provided explained that section and addresses your question. Rosemary will send along a further explanatory note to clarify (as our expert on California not for profit law). Kind regards, Holly<br>
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<font face="Tahoma" size="2"><b>From:</b> Alan Greenberg<br>
<b>Sent:</b> Sunday, October 04, 2015 04:47:39 PM<br>
<b>To:</b> Gregory, Holly; leonfelipe@sanchez.mx; thomas@rickert.net; mathieu.weill@afnic.fr; accountability-cross-community@icann.org<br>
<b>Cc:</b> Sidley ICANN CCWG; ACCT-Staff; ICANN@adlercolvin.com<br>
<b>Subject:</b> Re: [CCWG-ACCT] Documents for Posting for CCWG-ACCT<br>
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<div>Holly, <br>
<br>
Although it has no direct impact on the current discussion, could you please further elaborate on your statement at the top of page 2 that the corporation can be dissolved by a simple majority of a minimal quorum (5/9/16). The California statute [1900.5.a and
1900.5.a(7)] seems to state that for dissolution, a majority of directors must sign a certificate of dissolution. That would imply that 9 were required (presuming the Board had its full complement of voting directors at that time).<br>
<br>
Alan<br>
<br>
At 02/10/2015 03:38 PM, Gregory, Holly wrote:<br>
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<blockquote type="cite" class="cite">Thomas, Mathieu and Leon and CCWG,, <br>
In addition to slides comparing the Sole Member, Sole Designator and Board Proposal from last week (which we understand did not get posted yet) , we are providing a memo as requested in LA that discusses how the statutory rights of a member can be constrained
in the Sole Member model. <br>
Kind regards, Holly and Rosemary<br>
<br>
<br>
<b>HOLLY</b> <b>GREGORY</b><br>
Partner<br>
<br>
<b>Sidley Austin LLP<br>
</b>+1 212 839 5853<br>
<a href="mailto:holly.gregory@sidley.com">holly.gregory@sidley.com</a><br>
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Content-Type: application/pdf; name="CCWG Memo_ Constraining the Exercise of"<br>
Statutory Rights (00719283xA3536....pdf"<br>
Content-Description: CCWG Memo_ Constraining the Exercise of Statutory<br>
Rights (00719283xA3536....pdf<br>
Content-Disposition: attachment; filename="CCWG Memo_ Constraining the"<br>
Exercise of Statutory Rights (00719283xA3536....pdf"; size=54222;<br>
creation-date="Fri, 02 Oct 2015 19:20:05 GMT";<br>
modification-date="Fri, 02 Oct 2015 19:20:05 GMT"<br>
<br>
Content-Type: application/vnd.openxmlformats-officedocument.presentationml.presentation;<br>
name="Revised Slides - Key Characteristics Comparison. CMSM, CMSD, and Board"<br>
P....pptx"<br>
Content-Description: Revised Slides - Key Characteristics Comparison. CMSM,<br>
CMSD, and Board P....pptx<br>
Content-Disposition: attachment; filename="Revised Slides - Key"<br>
Characteristics Comparison. CMSM, CMSD, and Board P....pptx"; size=493931;<br>
creation-date="Fri, 02 Oct 2015 19:20:06 GMT";<br>
modification-date="Fri, 02 Oct 2015 19:20:06 GMT"<br>
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