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Shareholders Rights Act
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Topic Started: May 13 2015, 08:50 AM (218 Views)
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Space
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May 13 2015, 08:50 AM
Post #1
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Seeing the House passed a motion to discharge the Shareholders Act, the House shall now vote on the original bill. Please Vote; Aye, Nay, or Abstain.
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Definitions: Publicly Owned Corporation: A company where shares are freely sold in the market, by another entity or by the company itself Shareholder: A person who either owns a part of a company and/or is part of the decision making process of a company. Liable: An entity that is responsible for decisions Dividend: The splitting up of profits among shareholders. 6 month period: Jan-Jun, Jul-Dec Evidence: the transaction records and the cash flow of the money. Also, posts and actions made by the entity may also be used. Article 1 (The information requirement): Section 1: All publicly owned corporations must create reports every three months, with the reports made by any employee or hired persons. Section 2: The reports must include the following in medium-high detail: - Quote:
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Business deals/Acquisition offers Financial Statements Recent ventures Societal work Governmental Lobbying
Section 3: The corporation and its employees are liable for any false information in their reports and may be subject to an audit. If any issues are found within the report that has been purposefully fabricated, the liable shall be warned, fined up to 10% of corporate value at a maximum of 100AD, a freeze in financial assets and/or have its business license suspended indefinitely. All monetary damages shall be rewarded to shareholders. Section 4: Any lengthy suspension will result in the company forced to buy back shares from its shareholders. Section 5: Citizens (especially shareholders) may report any concern regarding the company to either: The Secretary of the Interior The President of TAS Any head/manager of the Treasury Section 6: A economic decision made by the SoIA can be overturned by the Supreme Court, given enough evidence. Further purposeful manipulation and the cover up-of finances in the court will result in the maximum punishment as stated in section 3 and can result in a obstruction of justice charge as outlined by The Allied States Code Article 2 (Dividends): Section 1: All publicly owned corporations must give at least one dividend payment to every shareholder within 6 months, Section 2: Publicly owned corporations that are unable to pay their dividends (due to loss, fines, etc.) may ask the SoIA, the President, the Court and/or the Committee on the Economy in order to be pardoned Section 3: Failure to conform to this article will result in a fine up to 40% of their corporate value, to be divided up by the shareholders Section 4: A economic decision made by the SoIA/Committee on the Economy can be overturned by the Supreme Court, given enough evidence. Further purposeful manipulation and the cover up-of finances in the court will result in the maximum punishment as stated in section 3 and can result in a obstruction of justice charge as outlined by The Allied States Code Section 5: The shareholders of the company may demand that the company amend the dividend with a majority plus one vote, and can return the dividend to the company with a 3/4 majority. Section 6: If the dividend is returned by the shareholders the company does not have to make another dividend payment during the 6-month period. Section 7 The amount of money paid as a dividend is not limited in any way as long as it's above zero[/spoiler]
Aye
Edited by Space, May 13 2015, 08:51 AM.
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Jacob Burrow(IDP - Democratic People's Republic of the West)
About Me Chairman of Joint Committee on the Judiciary, Interior Design, Energy, Environment, and Social Services Chairman of the United Coalition Chief Justice of the Supreme Court Citizen EPA Director Former Associate Justice of the Supreme Court Former Democratic Party Chairman(June 2014 - March 2015) Former Governor of the West(Sept 2014 - Nov 2014) Former IDP Chairman(March - May 2015) Former Interim President(June - July 2015) Former Vice President(August 2014) Former Member of the National Roleplay and Administration Team(January 2015) Former Secretary of the Interior(July 2014 - August 2014) Former State Assembly Member(Feb 2015 - April 2015) Former State Parliament President(October 2014 - November 2014) Former Secretary of the Treasury IDP Vice Chairman Member of Independent Democratic Party Member of Joint Committee on Foreign and Governmental Affairs Committee Member of Unified Collation Representative Speaker of the House State Parliament Member


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Keventle
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May 13 2015, 09:09 AM
Post #2
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Ron Reggie
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I motion for a 24 hour debate
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LIBERTARIAN PARTY FOUNDER
Job Stuff =Ron Swanson Secretary of Defense Department (June 2014- July 2014) Senator (August 2014-Present) Senate Pres. (Sept. 2014) Owner of Allied bank Corporation "Business made easy as ABC" Defended the: Keventle & CPSU v. The Loyalty Act (won the case) Prosecuted for Moscuro against the motto (won case) Named most powerful by Allied Times (July 2014) President November 2014 - February 2015
thoughts -looking for retirement home for my never ending career in the Allied States.

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Keventle
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May 13 2015, 09:10 AM
Post #3
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Ron Reggie
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And this has to go to a committee...
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LIBERTARIAN PARTY FOUNDER
Job Stuff =Ron Swanson Secretary of Defense Department (June 2014- July 2014) Senator (August 2014-Present) Senate Pres. (Sept. 2014) Owner of Allied bank Corporation "Business made easy as ABC" Defended the: Keventle & CPSU v. The Loyalty Act (won the case) Prosecuted for Moscuro against the motto (won case) Named most powerful by Allied Times (July 2014) President November 2014 - February 2015
thoughts -looking for retirement home for my never ending career in the Allied States.

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ILTrains
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May 13 2015, 10:23 AM
Post #4
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I'm hungry
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It already went to a committee
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Prime Minsiter Senator Former Governor of Buxton Former Secretary of the Interior WA Delegate
Eye-El in a Nutshell Pepe: Everyone in support of this single party thing say Waffles Everyone against this single party thing say Pancakes
CDLand: Waffles, fun to have an oddball state
Pepe: Pancakes, just like the flavour
Moscuro: Waffles
Me: Potato?
Pepe: INCORRECT Due to your Answer, I will make you Governor of the South. SUFFER!!!!
Me: PotatNOOO!!!
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Keventle
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May 13 2015, 12:36 PM
Post #5
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Ron Reggie
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This is a different version. The original is in the WH, thus this is a second bill and I request this goes through a committee
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LIBERTARIAN PARTY FOUNDER
Job Stuff =Ron Swanson Secretary of Defense Department (June 2014- July 2014) Senator (August 2014-Present) Senate Pres. (Sept. 2014) Owner of Allied bank Corporation "Business made easy as ABC" Defended the: Keventle & CPSU v. The Loyalty Act (won the case) Prosecuted for Moscuro against the motto (won case) Named most powerful by Allied Times (July 2014) President November 2014 - February 2015
thoughts -looking for retirement home for my never ending career in the Allied States.

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ILTrains
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May 13 2015, 12:54 PM
Post #6
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I'm hungry
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This still is the exact same thing as the original
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Prime Minsiter Senator Former Governor of Buxton Former Secretary of the Interior WA Delegate
Eye-El in a Nutshell Pepe: Everyone in support of this single party thing say Waffles Everyone against this single party thing say Pancakes
CDLand: Waffles, fun to have an oddball state
Pepe: Pancakes, just like the flavour
Moscuro: Waffles
Me: Potato?
Pepe: INCORRECT Due to your Answer, I will make you Governor of the South. SUFFER!!!!
Me: PotatNOOO!!!
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Keventle
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May 13 2015, 01:15 PM
Post #7
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Ron Reggie
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Yes but the committee changed the bill
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LIBERTARIAN PARTY FOUNDER
Job Stuff =Ron Swanson Secretary of Defense Department (June 2014- July 2014) Senator (August 2014-Present) Senate Pres. (Sept. 2014) Owner of Allied bank Corporation "Business made easy as ABC" Defended the: Keventle & CPSU v. The Loyalty Act (won the case) Prosecuted for Moscuro against the motto (won case) Named most powerful by Allied Times (July 2014) President November 2014 - February 2015
thoughts -looking for retirement home for my never ending career in the Allied States.

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Space
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May 13 2015, 01:43 PM
Post #8
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- Keventle
- May 13 2015, 12:36 PM
This is a different version. The original is in the WH, thus this is a second bill and I request this goes through a committee The house discharged this bill, the House now gets to vote on the bill without committe input. Motion Denied. As for debate, the House will first get to vote on the original bill. Motion Denied.
Edited by Space, May 13 2015, 01:45 PM.
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Jacob Burrow(IDP - Democratic People's Republic of the West)
About Me Chairman of Joint Committee on the Judiciary, Interior Design, Energy, Environment, and Social Services Chairman of the United Coalition Chief Justice of the Supreme Court Citizen EPA Director Former Associate Justice of the Supreme Court Former Democratic Party Chairman(June 2014 - March 2015) Former Governor of the West(Sept 2014 - Nov 2014) Former IDP Chairman(March - May 2015) Former Interim President(June - July 2015) Former Vice President(August 2014) Former Member of the National Roleplay and Administration Team(January 2015) Former Secretary of the Interior(July 2014 - August 2014) Former State Assembly Member(Feb 2015 - April 2015) Former State Parliament President(October 2014 - November 2014) Former Secretary of the Treasury IDP Vice Chairman Member of Independent Democratic Party Member of Joint Committee on Foreign and Governmental Affairs Committee Member of Unified Collation Representative Speaker of the House State Parliament Member


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CDLand
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May 13 2015, 02:34 PM
Post #9
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Senate President
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For the record, a discharge petition doesn't allow the House to disregard committee input, it merely allows it to vote on a bill that has been defeated by a committee.
Section 2 Clause 4 of the Joint Committee Act 4. If a bill has been rejected by a committee, then a majority of the House or Senate may petition to discharge the bill from committee consideration and move the bill to a floor vote.
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John Newman (LP-Buxton)
First President of the Allied States Winner of the "Last to Post Wins" Contest!!!!
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Keventle
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May 13 2015, 02:53 PM
Post #10
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Ron Reggie
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there was no discharge!
and for the record. nay.
Edited by Keventle, May 13 2015, 02:53 PM.
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LIBERTARIAN PARTY FOUNDER
Job Stuff =Ron Swanson Secretary of Defense Department (June 2014- July 2014) Senator (August 2014-Present) Senate Pres. (Sept. 2014) Owner of Allied bank Corporation "Business made easy as ABC" Defended the: Keventle & CPSU v. The Loyalty Act (won the case) Prosecuted for Moscuro against the motto (won case) Named most powerful by Allied Times (July 2014) President November 2014 - February 2015
thoughts -looking for retirement home for my never ending career in the Allied States.

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