Well now this report of the actual goings on in the only case where this has been tried so far:
When Parent Revolution sent paid organizers to gather signatures from parents at McKinley Elementary School in Compton, Calif., the campaign was conducted secretively. The organizers collected signatures from 60 percent of the parents. When the petition was submitted to the school district in December 2010, it designated the charter operator—the Celerity Educational Group—that would take over the school, although it is not clear who chose it.Further more, the group spearheading the new law, Parent Revolution is astroturf:
... Parent Revolution, which is funded by charter school operators (it has some affiliation with Green Dot, whose chief executive officer sits on the board of Parent Revolution) and by venture philanthropists (including the Broad Foundation, the Gates Foundation, the Wasserman Foundation, the Hewlett Foundation, and the Walton Family Foundation)America had better wake up to the fact that the people who brought us the Blue Screen of Death, Wal Mart and the Financial Crisis of 2008 want to bring their special brand of not-so-free markets to our children's education and our country's future.