Corporator


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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.

References in periodicals archive ?
He has served as a corporator of American Savings Bank since 1997 and is currently a member of the bank's Advisory Board.
Tenders are invited for supply and laying of gi pipeline from shiva temple to cpi office, darga to existing pipeline (8 roads) in maqdoom nagar, from corporator house to ring basti in polala basti in jagathgirinagar, somaiah nagar, devamma basti, papireddy nagar and shirdi hills, division no.
5 lakh for damaging a five- star hotel in Andheri, Rahul Shewale, a Sena corporator, has been slapped with a penalty of Rs 1.
Madden is a Corporator of the Hartford Seminary, a member of the Finance Committee for the Church of the Redeemer of New Haven, and formerly served in the Connecticut State Senate.
McDonough of Grafton has been elected the newest member of the bank's board of trustees, after serving as a bank corporator since 2010.
Jalna, Sept 7 ( ANI ): Jalna District Police arrested five Nationalist Congress Party (NCP) activists three days after a party corporator and his supporters vandalized the toll plaza located near Ram Nagar.
Hira Patil, local NCP corporator took bribe from the accused," Police Commissioner KP Raghuvanshi said in a press conference on Sunday.
A finance broker by profession, Phuge is the husband of an NCP corporator from Pune Seema Phuge.
Later, addressing a joint press conference, CPI leader and Corporator D Shankar alleged that despite corporators were protesting in the Council Hall, power supply was disconnected and even drinking water was stopped.
has been elected as a new corporator of Laconia Savings Bank.
The corporator vote met the statutory requirement that at least two-thirds of Westborough Bancorp, MHC's corporators approve the merger agreement.