Membership in the Market Community
Natural persons at least 14 years old and local companies can join the market community. Everyone from the region who has something to offer to the others may participate. The following people / companies are entitled to admission into the market community:
- the CPO as a company,
- the companies fully or partly owned by the CPO,
- the employees of the above mentioned companies,
- the owners of joint-ownership certificates with or without the entitlement to vote.
No other companies or persons have an automatic right to admission. Anyone excluded due to misuse of the market community also does not have any entitlement to admission.
Every person has to provide an identity card or passport during the admission. Companies are admitted into the market community by application from an authorised representative.
Participation in an information event, in which the basic principles of the market community and the differences to the pound or dollar system are made clear, is a prerequisite for admission.
During registration every member selects two participants of the market community (no companies) as intercessors, who will support her in finding a solution in the case that a conflict arises. The intercessors also have the power of attorney over the market account of the member, should the member be dead, unavailable due to illness or accident, or unreachable for more than three months (or refuses to communicate for that long). In this last case, the (futile) attempts to make contact with the member must be documented.
It is possible for a member to reject her selection as an intercessor, in which case the new member has to name another intercessor. The intercessors of a member company should not be employed by that company.
The General Meeting decides on whether to charge a registration and/or an annual membership fee.
Membership of the market community may be terminated by the member at any time without giving any reasons.
A positive account balance can be transferred to another member, the account of a project or charity, a solidarity fund account, or it can be exchanged for certificates of the CPO, if they are available via the holding account at that time.
In the case of an account balance of zero, returning any deposited securities in full is the only action required.
For a market account with a negative balance, in general the corresponding amount of securities is retained. Since securities vary in type, here are more explicit suggestions:
- In the case of joint-ownership certificates the account is balanced by a transfer from the holding account of the CPO, in return for which the corresponding amount of joint-ownership certificates is allocated to the holding account in the certificate register. An indirect alternative, which may be more advantageous for both parties, is the trade of national currency for creation rights, with their subsequent sale for Groks. This adds more value to the ReeComm and allows the account holder to retain possession of the joint-ownership certificates.
- Grok creation rights can either be treated similarly, i.e. registered to the CPO and paid out of the holding account; or offered for sale on the marketplace (for Groks only) by the ReeComm on behalf of the account owner.
- If activity points have been deposited on a personal secured account, then they can be transferred to a system account for paid-out activity points, and the member account balanced either from the holding account or from a special system account for this purpose.
- If the creation facility was accorded for membership in an affinity group then the account must be balanced by equal contributions from all the other group members.
Misuse of the market community leads to immediate expulsion. If transactions have been made in connection with the abuse then they are to be reversed. If possible and appropriate the offending member can be sued for damages. Any remaining joint-ownership certificates of that member are only returned to her after the legal case has been closed.
Stored and Visible Member Data
Every member is displayed with a photograph (for companies with their logo) and contact details, as well as links to her two intercessors in the market community. The market account is prominently marked as being for a private person or a business.
For under-age members their age is also published.
If a conflict arises which cannot be resolved by the parties themselves, then the first thing to do is to ask their intercessors for support. If a solution still can not be reached, then a mediator is to be called in, whose effort is remunerated by the two conflicting parties. The contract negotiated with the mediator is then published within the market community.
Conflict resolution with the help of intercessors
Should the people involved take legal action, then this will also be published within the market community.