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Resolution N - Remove certain restrictions in Stock Corporation (Discretionary)

 

Description: Remove certain restrictions in Stock Corporation

Rationale: There are several restrictions associated with a StockCorporation that are descriptive but may not be necessary.   We want to reevaluate these restrictions.   Our recommendation is to remove the below listed restrictions for this release.  A subsequent release will refocus on ownership and control relations and may recommend new restrictions at that time. 

Resolution: 

A.   In module CorporateControl

  • for class StockCorporation:
  • remove restriction hasControllingInterestParty min 0 VotingShareholder
  • remove restriction hasMajorityControllingInterestParty min 0 OverFiftyPercentControllingInterestCompany
  • remove restriction hasSignificantControllingInterestParty min 0 SignificantShareholdingCompany
  • remove restriction isWhollyOwnedBy min 0 TotalControllingInterestCompany


Resolution O - Replace Natural Person with LegallyCapablePerson (Mandatory)  

                           Also, implement Row 2 from the Actions


Resolution Q - Realign hasObjective to hasGoal for BusinessEntities (Highly Discretionary)