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1846» Forums » Rules

Subject: Bankruptcy and presidency change rss

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Guido Niewerth
Germany
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I just read the GMT rules and there is something I don´t understand:

Page 10, bullet 6.88, 1st paragraph:

The President may sell any shares, subject to the normal restrictions, except shares that would cause a Presidency change in the corporation currently operating.


and page 10, bullet 6.89, 3rd paragraph:

If a bankruptcy results in a Presidency change in the operating corporation, its new President must then purchase a train for it.


Don´t those rules contradict each other? How´s the presidency gonna change if the president isn´t allowed to sell shares in the affected corporation?
 
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Phil Davies
United Kingdom
Winchmore Hill
London
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Lv 30 Lawful/Evil Human Dungeon Master
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In Toruk's name!
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No, they aren't contradictory, because one is talking about emergency financing, and the other is talking about bankruptcy.

6.89 If, after making all possible sales, the President has not raised
the sufficient cash to purchase a train, then that player is bankrupt
and out of the game (see section 7).

7.11 After a player has gone bankrupt due to a forced train purchase
(see 6.89), put the cash the player raised in the corporation’s
treasury. Sell all remaining shares owned by this player to the
Stock Market, even if this puts more than 50% of a corporation’s
stock or a President certificate there. Add the money raised to the
corporation’s treasury. This may result in a Presidency change in
the corporation currently operating. If so, the new President must
immediately purchase a train for it.

So, 6.89 is talking about a presidency change if the current president can't raise enough money to buy the train.
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RvdH
Netherlands
Enschede
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6.86-6.88 is about a Forced Train Purchase.
6.89 is about Bankruptcy.

So if the President, after selling all shares it is allowed to sell, cannot contribute enough for the corporation to buy a train, the President is bankrupt. That bankruptcy may result in a change of presidency.
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Guido Niewerth
Germany
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I should have read further before posting ;)

This is something where 1846 is different from other 18xx variants. In 1846 the bankrupt player is removed from the game and the game continues. Nevertheless thanks for your answers.
 
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TonyKR
United States
Portland
Oregon
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docshoe wrote:
I should have read further before posting

This is something where 1846 is different from other 18xx variants. In 1846 the bankrupt player is removed from the game and the game continues. Nevertheless thanks for your answers.


Also take a look at page 19 for a summary of other differences from most 18xxs.
 
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ArrBeeDee Dial
United States
Lexington Park
Maryland
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I saw the subject and groaned a little... election fatigue.
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Dave Berry
Scotland
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Raujour wrote:
I saw the subject and groaned a little... election fatigue.

This thread is about a Managing Director, not a Prime Minister!
 
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