10KI Investment Corporation Closed and Funds Disbursed May 9, 2015 16:07:12 GMT -5 Ater Nox likes this
Post by Paffnia on May 9, 2015 16:07:12 GMT -5
10KI Investment Corporation Closed
Under the authority of clause 6 of NS206-1, the Council of Nine has voted to close the 10KI Investment Corporation after years of inactivity. Funds have been disbursed as fairly as possible, according to these rules, passed by the Council in NS219-2:
- Accounts of current nations and organizations shall be disbursed to that nation or organization.
- Accounts of CTE'd nations with a will on file shall be disbursed to their heirs in accordance with that will.
- Accounts of CTE'd nations without a will shall be given to the Regional Reserve.
- Funds owned by the Corporation alone (i.e. not in accounts) shall be disbursed to the Corporation's owner.
The Council, Chief Executive, and Regional Reserve Chair each reserve the right to make accommodation for unique cases or issues that may arise in the disbursement process.
As per the most recent records of the Corporation and donations made thereafter, the following active nations and organizations have had the amount of their investment accounts returned to them in the past hour:
Ananke II: 208,519
New Dracora: 79,895
Biblical Importance: 113,611
Ater Nox: 135,191
13 Court Gaurd Squads: 5,000
Hahiha / USSR: 5,000
Taco Island Charities: 1,871,685 (181,798 in main account + 1,689,887 in giveaway fund)
*CTE'd, but has posted recently, so given the benefit of the doubt
The Corporation's owner, Petalumadom, has been disbursed 2,607,546 (1,637,562 from his personal investment with the Corporation, 750,205 from the Corporation's own investment account, 32,279 from a measurement investment account, and 187,500 not invested but sitting in the Corporation's forum account).
The following nations CTE'd without a will, and their investments have been given to @regionalreserve, for a total of 915,849 :
The Best in the World: 14,263
Strange Hermits: 42,011
Glock 17: 54,758
Govindia (Denivogar)*: 16,411
*Not CTE'd, but banned from the Islands.
The following nations CTE'd and have a will on file. Their investments have been deposited in their forum account; distribution to their heirs from there will occur in a bit once some matters with wills get sorted out:
Shelter from the Storm: 42,773
Sinn Féin's Ireland: 445,338
Bletheropolis: the cat sleeps: 230,900
Private Doctors: 132,832
San Juan Capital: 84,050
All funds should be fully disbursed now, except for the few with a will above. Funds were disbursed by editing your Taco amounts, not by sending donations. If you have any questions or concerns, I am in charge of the disbursement process, so please let me know.