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corporator

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › corporator

  • This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 3, 2012 at 8:44 pm #52473
    wahab11
    Member
    • Topics: 30
    • Replies: 15
    • ☆

    Who is a corporator? please explain?

    May 4, 2012 at 8:07 am #97072
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Hi

    I got this by putting the word into google search. Why couldn’t you do the same?

    CORPORATOR. One who is a member of a corporation.
    2. In general, a corporator is entitled to enjoy all the benefits and rights which belong to any other member of the corporation as such. But in some corporations, where the rights are of a pecuniary nature, each corporator is entitles to those rights in proportion to his interest; he will therefore be entitled to vote only in proportion to the amount of his stock, and be entitled to dividends in the same proportion.
    3. A corporator is not in general liable personally for any act of the corporation, unless he has been made so by the charter creating the corporation.

    A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.

    May 4, 2012 at 5:28 pm #97073
    wahab11
    Member
    • Topics: 30
    • Replies: 15
    • ☆

    Thank you.

    May 6, 2012 at 11:39 am #97074
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    welcome

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