65 sats \ 5 replies \ @BitcoinAbhi 12 Jul \ parent \ on: Stacker Saloon
The company or a trust all can make their constitution under the constitution of a state. So, it's basically a slave constitution.
Am I right?
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0 sats \ 4 replies \ @supratic 12 Jul
A trust is different from PMA
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21 sats \ 3 replies \ @Lux 12 Jul
yes, but a trust can be a pma, or, a PMA can be set as a trust
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0 sats \ 2 replies \ @mo 12 Jul
never thought it like that. Do you have any examples?
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21 sats \ 1 reply \ @Lux 12 Jul
i don't, but it's simple. a PMA can be set anyhow, the founder makes the rules, the members accept them. any member or founder can have a fiduciary duty to a beneficiary, just like any other business or company, are all trusts, and it does not have to be written the word trust anywhere
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33 sats \ 0 replies \ @zapsammy 12 Jul
around 2018 i visited a random bar on outskirts of a city with a friend. we wanted to enter and a man who opened the door asked "are u a member?" - "no" - "u can only enter if u r a member. it's only $10." - we paid $10 each to have an $8 drink, and laughed about this story for the next few years. now i c what may have been going on.
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