@ColonelZebuliah@UNCFootball Fact of the matter is, there was originally only one colony of Carolina. The North split to form a second one. South Carolina could have chosen to remain simply, 'Carolina'.
@InsulateLove What kind of idiot sits in the middle of the street blocking traffic of people not associated with their problem? And still refusing to move after the vehicle is touching them! So you have a responsibility to have homes insulated? Volunteer your efforts to raise money to do it.
@rkeithhatfield@UtahSanders@drshrum https://t.co/pXCJH4Fasm There is no need for litigation or negotiation. And this is separate from the GoR. Perhaps you should read page 14. The exit fee is $80 million, period. When you withdrawal or are deemed to have withdrawn by a supermajority of the remaining members.
@UtahSanders@drshrum There is really nothing to challenge and a GoR has never been challenged. The Bylaws and GoR are quite simple and clear. Everyone signed willingly.
@UtahSanders@drshrum The remaining conference members have absolutely no incentive to negotiate these. Delaware courts are very friendly to corporations and plaintiffs in cases like these.
@UtahSanders@drshrum Supermajority of Disinterested Directors to evidence the intent of such Member to withdraw from the Conference either currently or in the future"
@UtahSanders@drshrum And this: Bylaw 3.2(ii)(A) that states a "Withdraw" from the conference shall be deemed to have occurred when:
"a Supermajority of Disinterested Directors by affirmative vote determines that such Member: (A) makes statements or takes actions that are determined by a
@UtahSanders@drshrum https://t.co/pXCJH4Fasm This spells out the $80 million each UT and OK will have to pay and why. The GoR is a separate $40 million per year remaining until it expires in 2025.
@Aapheus@drshrum I'm glad you asked: 3.1 Withdrawal. Notwithstanding the commitment of each Member set forth in Section
1.2.3 above, a Member may only withdraw from the Conference, cease to be a member
in the Conference, or otherwise fail to fully participate in the activities of the Conference,