Quote:
In the event a free company master does not log in for 35 days (Earth time), ownership will be automatically transferred to another free company member, based upon the following criteria:
1. Members who have logged in within the past seven days
2. Higher-ranked members preferred
3. Senior members preferred
* After the transfer, the former master will automatically be demoted to ordinary member status
So basically it looks at all the people in the FC who logged in the past 7 days and gives it to the highest ranking of them. If there's two people in the same rank who logged in the last 7 days, I'm unsure what happens, but it probably gives it to the one who logged in most recently.