US POLITICS: Delaware Corporate Laws & Senate Bill 137

US POLITICS: Delaware Corporate Laws & Senate Bill 137

Academy Members, AOPA Members, ABC Practitioners & Facilities:

In an effort to help you with today's disclosures regarding Consolidation and
the Delaware Corporate Laws effected by legislation recently enacted, as a
result of Senate Bill 137, you may find the Internet sites below helpful and
informative.

John N. Billock, CPO


Delaware Corporate Law
Anyone wishing to browse or view Delaware Corporate Laws as they relate to
the current Consolidation of the Academy, AOPA, and ABC can view the actual
laws at the following Internet URL address or hyperlink:
(This will take you to a site with 3 windows. You will need to select (click
on) TITLE 8 Corporations in the Upper Right window and this will bring up
the Corporate Laws in the Upper Left window. You will then need to scroll
down and select the relevant Chapters and Subchapters in the Upper Left
window you wish to view. Remember that our national organizations are
non-stock corporations and our members are the same as stockholders when
referenced in relevant laws.)

<URL Redacted>
e=decode.NFO&softpage=browse_frame_pg

 <A
HREF= <URL Redacted>
nfobase=decode.NFO&softpage=browse_frame_pg>Browse or View Delaware
Corportate Law</A>



Delaware Senate Bill 137
This is the recent Delaware Corporate Law Legislation which apparently has
changed the Consolidation vote from a 2/3rds majority of the voting members
(stockholders) to the 50% +1 simple majority of the voting members
(stockholders) of the Academy and AOPA. SB 137 was sponsored by Delaware
Senator Sharp, introduced on May 12, 1999 and signed into Law on July 1, 1999
by the Governor. Anyone wishing to review or print the Synopsis of SB 137
can find it at the following Internet URL address or hyperlink:

<URL Redacted>
5006d9042e7852567690059963f?OpenDocument

 <A
HREF= http://aosta.state.de.us/LIS/LIS140.nsf/d46493839e7692a4852565710057706b
/cd86c5006d9042e7852567690059963f?OpenDocument>Synopsis of Delaware Senate
Bill 137</A>


Anyone wishing read or print SB 137 in its entirety can view the Bill at the
following Internet URL address or hyperlink:

http://aosta.state.de.us/Lis/LIS140.nsf/d46493839e7692a4852565710057706b/cd86c
5006d9042e7852567690059963f/$FILE/Legis.html

 <A
HREF= http://aosta.state.de.us/Lis/LIS140.nsf/d46493839e7692a4852565710057706b
/cd86c5006d9042e7852567690059963f/$FILE/Legis.html>Delaware Senate Senate
Bill 137</A>