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returning COs + capital contributions for returning COs #120

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returning COs + capital contributions for returning COs #120

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8 changes: 8 additions & 0 deletions documents/operating.md
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Expand Up @@ -106,6 +106,10 @@ Corporate Overlords may also vote to remove a peer from the organization if any

The removal of a corporate overlord can be nominated during a plotting session and the vote must pass as defined in Section 5.

### Revenge of the Corporate Overlords

A former Corporate Overlord who previously left BIFFUD through one of the *voluntary* methods described under "**Removing Corporate Overlords**" (as opposed to removal via a vote of Corporate Overlords, or removal via breach of other rules in this Operating Agreement), may return to the company anew only via the full ritual described in "**Adding Corporate Overlords**."
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@slifty slifty Aug 21, 2023 •
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I think it's worth making explicit that they don't need to re-make their capital contribution.

EDIT: oh, I didn't read the entire PR lol


### Hibernating Corporate Overlords
A Corporate Overlord can go into hibernation. Hibernation does not remove their ownership of BIFFUD or their entitlement to profit share, but their role as a voting member of the Hive is temporarily revoked until they attend a plotting session.

Expand Down Expand Up @@ -270,6 +274,10 @@ Overlords have three months to cough up the extra dough.

Failure to contribute in a timely manner shall result in revocation of Corporate Overlord status.

A former Corporate Overlord, returning to BIFFUD as described in Section 2 ->
"**Revenge of the Corporate Overlords**," may have the capital contribution
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I'd be open to this waiving just being automatic -- in fact, it probably should be!

We do need to make explicit what the equity stake of the CO is (both after leaving and coming back).

I'll need to research how this actually is supposed to work.

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I'd like to propose the following:

When a CO leaves, their equity is placed into chryostasis. They can thaw the equity at any point and get it back. If the company dissolves, any equity in chryostasis is thawed and equally distributed among the current COs.

requirement waived via a vote of the Hive Mind.

### Third Party Contributions
Third parties can give money to BIFFUD as a non-deductible donation or grant.
Money donated in this way will be allocated according to the terms agreed upon by the Overmind, Treasure Goblin, and the third party. Donations do not come
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