With solar against coal! | 50 comments (50 topical, editorial, 0 hidden)

Re: With solar against coal! (4.00 / 2)

taz writes the price per share is €250. There is no link, but the association is identified, so I found its website: SoGeLa. Unfortunately for you, their statutes (II.$3/1.) say that only residents of Germany can apply. (Probably has to do with the legal status of the association.)

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 19th, 2010 at 10:09:52 AM EST
[ Parent ]

Re: With solar against coal! (4.00 / 3)

DoDo:

Unfortunately for you, their statutes (II.$3/1.) say that only residents of Germany can apply. (Probably has to do with the legal status of the association.)

It might be worth contacting them directly and asking about why excluding other EU citizens is consistent with EU law... If they don't want Xavier's money, it's their loss...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Mon Jul 19th, 2010 at 10:12:04 AM EST
[ Parent ]

Re: With solar against coal! (none / 1)

The exclusion is not citizenship- but residency-based. AFAIK a lot of forms of associations are specific to single EU member countries...

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 19th, 2010 at 10:20:08 AM EST
[ Parent ]

Re: With solar against coal! (4.00 / 3)

Chechinkg; they are an eG (eingetragene Gesellaschaft), a form of cooperative. Since 2006, there is legal provision for conversion into an EU-wide version, the SCE, based on EC 1435/2003. However, I find that the conditions for an SCE include that among the five founders, there are people from at least two member states.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 19th, 2010 at 10:27:57 AM EST
[ Parent ]

Re: With solar against coal! (4.00 / 2)

Other possibilities: a foreign representation active for at least two years, or the merger of two associations. Other conditions: €30,000 own capital (eG: no such requirement).

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 19th, 2010 at 10:40:53 AM EST
[ Parent ]

Re: With solar against coal! (4.00 / 2)

Having checked the law on eGs, the only geographic reference is that these coops can limit membership to a specific county. So I wrote them an email to inquiry about the limitation and requesting its revocation.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 19th, 2010 at 11:06:29 AM EST
[ Parent ]

Re: With solar against coal! (4.00 / 5)

Reply was prompt! They say that being a village on the Polish border, they didn't want a national limitation, but got legal advice that in case of legal disputes, there would be big problems due to the differences between co-op rules across member states. They suggest to get shares via an acquaintance in Germany.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Mon Jul 19th, 2010 at 12:56:31 PM EST
[ Parent ]

Re: With solar against coal! (none / 0)

Can the shares legally be resold?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 20th, 2010 at 02:11:59 PM EST
[ Parent ]

Re: With solar against coal! (none / 1)

I would guess if membership in the cooperative is restricted youcan only sell the shares among the class of people eligible to be members.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Tue Jul 20th, 2010 at 02:16:48 PM EST
[ Parent ]

Re: With solar against coal! (none / 0)

So would I.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jul 20th, 2010 at 02:24:36 PM EST
[ Parent ]

Re: With solar against coal! (none / 1)

Is there such a thing as personal indirect stock ownership? You give money to someone with the express purpose to buy a stock, this deputy will attend stock owner meetings and take up legal responsibility, but you get (most of) the gains -- much like a bank with investment portfolio, but with a single person?

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Tue Jul 20th, 2010 at 02:30:22 PM EST
[ Parent ]

With solar against coal! | 50 comments (50 topical, 0 editorial, 0 hidden)

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