Saturday, February 14, 2009

STOCK VS. CASH - THE RULES

Our Partnership Agreements reads as follows:

XXIV. ASSET WITHDRAWAL: Upon...voluntary withdrawal..., the Club can chose to exercise the following payment methods, decided upon by a majority vote. These methods of payment are: cash, cash/stock, stock transfer, stock sale or a special assessment. The Club retains the right to vote on special circumstances.

Although in the recent past our members have stated their desired form of payout and we have accommodated them, it is our choice based on what we think is best for the club as a whole.

Something to think about.

Eve

1 comment:

katiecat said...

Eve, I'll mention this in my communiqué with Cheri. I see your effort...

k