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Poster Name:
dour

Poster Message:
@no But what's the middle ground when the nationals keep pointing to rules they alone created and saying that they have no options but to enforce them maximally? And then another side is the alumni corporation which owes loyalty to that corporation (not nationals or their property management corp.) and has fiduciary duties to that corporation (not nationals or their property management corp.). It's a tortured sort of logic that says that the alumni corp's people owe a greater sort of loyalty to anything national says because of some oral oath they (perhaps) spoke at some initiation ceremony decades ago. Does that override the very explicit duties in the California civil code that directors and officers of the alumni corp have to that corp? Last, the transfer of control of the board would seem to have tax consequences as well as make it possible for any plaintiff -- here or anywhere -- to pierce the corporate veil and put all of nationals' assets at risk.