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Corporator

   Also found in: Dictionary/thesaurus 0.01 sec.

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.


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Recently, for instance, we sat in on the annual meeting of a health system's large "board of corporators.
Pursuant to the Agreement, all of the trustees and corporators of Westborough MHC will be elected or appointed to Assabet Valley Bancorp's Board of Trustees and Board of Corporators and Mr.
The Plan of Conversion and Reorganization is subject to regulatory approval and the approval of Corporators.
 
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