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Todd Rao - About Author:
About the Author:
The Todd R. Durham Law Firm has provided professional legal representation to Lewisville and the Dallas Fort Worth area for the last 14 years. Todd Durham is dedicated to helping individuals with their legal needs like auto accident injuries & personal injury attorney through aggressive, honest, and trustworthy representation.

There seems to be a common strategy of allocating member balances to reserves and then through voting powers (usually based on a members balance) ensuring that the reserve is protected.

Have these advisers considered page 13 of the Explanatory Memorandum ? When describing the new changes to the SIS Act and the insertion of Section 17A it is stated that the reason behind the change “will ensure that each member is fully involved and has the opportunity to participate equally in the decision making process..” How can one participate equally in the decision making process when voting is based on your member balance ?

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