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To: alt.magick From: bheidrick@aol.com (B Heidrick) Subject: Re: Concealing of OTO assets Date: 05 Sep 2001 12:02:46 GMT 93 Felix, >It's just that I was curious about all these corporations that have >been set up around the world. That's usually to conceal assets from US >jurisdiction isn't it? Nothing mysterious there. It's not to conceal assets, although it sometimes has involvement in managing assets. You need a legal presence in a country to do certain things there. OTO uses local groups called Camps, Oases and Lodges. If some legal standing is not acquired, legal rights of the Order and the members are limited. To sue and be sued, with some shielding of the individual -- that's part of the purpose behind local incorporation. This has been the policy of OTO in one form or another since inception. Regional authority is based on local establishment under the international organization, when that is possible by virtue of number of members, ability of volunteers and the laws of the particular land. Incorporation is simply the most practical approach in some countries. In others, associations and similar modes are used. >Jim Graeb's expulsion Jim has never been expelled from OTO. >five layers of corporate shielding" >that the IXs don't know about. They are not alone, it seems. I'm also the Treasurer General of the Order and I have no clue what you are talking about on that point. At that, I filed the original papers of incorporation and the IRS tax exeption application. >But why Bill, was it just a precaution against massive losses >in various legal cases (and I understand there's one coming that is >something of an Exocet)? Antecedent for "it"? Can't follow your issue without that. Incorporation does not prevent legal expense, but it does shield the individual member from liability to an extent, the offices to a somewhat lesser extent. As to a coming legal case, usually there's something or other, but I don't know the referent there either in your post. 93 93/93 Bill
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