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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