Can Seed Savers Exchange be “taken over” or subject to a “hostile takeover” by its Board of Directors or an individual Director?
No. Takeovers and hostile takeovers only occur in for-profit corporations that have stockholders. Only Directors of Seed Savers Exchange have voting rights and the Board of Directors is self-perpetuating. Therefore, SSE cannot be taken over, by hostile or friendly forces, without the vote of a majority of its Board of Directors.
