jheapsandClaude Opus 5.5
4c1c81fd2f
Explain why a permanent lock has precedent (UK CICs, steward ownership, US nonprofit conversions) and what it prevents (building-society demutualisation). Enforce it in layers: an independent veto-only lock share, articles, statute, and a backstop that sends the value to the federation fund if the lock is ever broken. Treat piecemeal asset sales, hire-backs and subsidiaries as sales; adapt Argentina's bankruptcy rule, noting it needs a Bankruptcy Code amendment; state the lock's costs. Co-Authored-By: Claude Opus 5.5 <[email protected]> Claude-Session: https://claude.ai/code/session_01QWPs69B8nQZjtPEUXMKzZx