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In its statement, CNet maintained its argument that Jana cannot change those bylaws without having held company stock for at least one year.
(Mr. Hynes, a lawyer for the party for years, said yesterday through a spokesman, Jerry Schmetterer, that he had not written those bylaws. Mr. Liff said the party stuck by its account of what Mr. Hynes had done).
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We may also see a strike authorization vote, which would then allow the SAG and AFTRA Boards to call a strike without further membership vote (assuming this process is provided for in the bylaws of those unions, which I'm not sure about).
"And those are our bylaws.
"We need 51percentt of all the shareholders, not just of those voting, to approve it," said Allen Mellen, co-chairman of the bylaws committee.
For those who might have studied logic, this is known as a tautology because the bylaws essentially provide that an officer is someone who is an officer.
If those documents do not give the board the authority to impose such a fee, it may be able to amend the bylaws to provide the necessary authority.
And in most cases, he said, the bylaws and certificate of incorporation do not limit eligibility for board membership only to those shareholders who live in the building.
He added that the names of all those who express interest must be given out only if provided for in the solicitation for nominations or required by the bylaws.
It would not be unusual, he said, for the bylaws to allow unit owners to demand a special meeting by presenting the secretary of the board of managers with a petition signed by those owning at least 25 percent of the common interests in the building.
Doesn't this ruling require a change in the bylaws?
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