Sorry to say that I think GM could not do anything for this matter...
If the ownership is passed then someone can kick the original owner, therefore I think the "specific rule" states in the example still need to be activated by the owner before he is MIA.
IMHO, the other 3 foundators who signed the agreement to startup the FC should have special rank and permissions, however, current design implied a Free Company actually is owned by it's master solely.