Asset Deallocation

Title: Asset Deallocation
DRACC: 0011
Category: Regulatory
Scope: Global
Authors: Leenaars, M.A.G.J.; Šuklje, M.
Date: January 2017
Copyright: The Commons Conservancy

This doc­u­ment is part of the DRACC se­ries, see DRACC “In­tro­duc­tion to ­DRACC Se­ries” for an ex­pla­na­tion. You can re­use it un­der a “Cre­ative ­Com­mons At­tri­bu­tion 4.0 In­ter­na­tion­al” li­cense.

Introduction

If a Pro­gramme has cer­tain parts of its (in­tan­gi­ble) as­sets which are of in­ter­est to (an)other Pro­gram­me(s), the Pro­gramme MAY de­cide to share the­se as­sets in the man­ner de­scribed in DRACC “As­set Shar­ing” — pro­vid­ed such is in­ ­line with its own statutes and reg­u­la­tion­s, as well as the over­all statutes and reg­u­la­tions of [The Com­mons Con­ser­van­cy].

Once as­sets are shared among a set of Pro­grammes, the moral stew­ard­ship has be­come a shared re­spon­si­bil­i­ty for all Pro­grammes in­volved. If af­ter some time ­part or all of the Shared As­sets in­volved are ob­so­let­ed with­in one of the Pro­grammes, and if that Pro­gramme de­cides that its role in the main­te­nance of those as­sets is fi­nal­ly done, it MAY di­vest of these as­sets ac­cord­ing to the pro­ce­dure laid out in this doc­u­men­t.

Asset Deallocation

As­set Deal­lo­ca­tion is de­fined as the for­mal process in which a (set of) Pro­gram­me(s) vol­un­tar­i­ly di­vests it­self of all rights to spe­cif­ic as­sets that are mapped to it in­side [The Com­mons Con­ser­van­cy] — where map­ping is to be in­ter­pret­ed in the sense of DRACC ‘Map­ping Rights to Pro­grammes’.

Any (set of) Pro­gram­me(s) MAY Deal­lo­cate any as­set it has claims to, un­less there are spe­cif­ic pro­vi­sions in the statutes or reg­u­la­tions of the (set of) Pro­gram­me(s). An As­set Deal­lo­ca­tion SHALL re­quire a for­mal de­ci­sion from the Pro­gramme. Deal­lo­ca­tion be­comes ef­fec­tive when the Board of [The Com­mons Con­ser­van­cy] im­ple­ments that de­ci­sion, which shall hap­pen au­to­mat­i­cal­ly un­less there are bind­ing pro­vi­sions in the statutes or reg­u­la­tions of (any of) the Pro­gram­me(s) in­volved that would in­val­i­date the de­ci­sion. The Pro­gramme SHALL be in­formed of the changes in the sta­tus of an As­set Deal­lo­ca­tion.

As­set Deal­lo­ca­tion leaves the re­main­ing Pro­gram­me(s) with­in [The Com­mon­s ­Con­ser­van­cy] with which the as­sets were pre­vi­ous­ly shared with the re­spon­si­bil­i­ties and rights to make any and all de­ci­sions re­gard­ing all as­set­s in­volved. Af­ter an As­set Deal­lo­ca­tion the Pro­gramme is re­lieved of the re­spon­si­bil­i­ties it may have had with re­gards to the as­set­s, but as a ­con­se­quence it will al­so no longer be con­sult­ed re­gard­ing any fu­ture de­ci­sion­s about the as­set­s. As­set Deal­lo­ca­tion ter­mi­nates the di­rect moral stew­ard­ship a Pro­gramme holds in re­gards to the as­sets in­volved.

Asset Transferral

If as­sets are to be trans­ferred di­rect­ly to a known (set of) Pro­gram­me(s), a t­wo step process is re­quired:

  1. As­sets are Shared with the (set) of Pro­gram­me(s), ac­cord­ing to the As­set Shar­ing pro­ce­dure de­scribed in the “As­set Shar­ing” DRAC­C. This takes an ac­tive, vol­un­tary de­ci­sion from all the ex­ist­ing eth­i­cal (co-)stew­ard­s with­in [The Com­mons Con­ser­van­cy].
  2. The (set of) Pro­gram­me(s) that wish to trans­fer their as­set­s, now Deal­lo­cate their as­set­s.

Asset Reallocation

If no Pro­grammes re­main to which the as­sets in­volved are to be al­lo­cat­ed to, those as­sets are (from the mo­ment on which the as­sets are Deal­lo­cat­ed) to be treat­ed as if they were con­trib­uted di­rect­ly to [The Com­mons Con­ser­van­cy] — as de­scribed in DRACC ‘Map­ping Rights to Pro­grammes’.

Reversal

Should a Pro­gramme wish to un­do