promoter

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Promoter

A person who devises a plan for a business venture; one who takes the preliminary steps necessary for the formation of a corporation.

Promoters are the people, who, for themselves or on behalf of others, organize a corporation. They issue a prospectus, obtain stock subscriptions, and secure a charter. Promoters stand in a fiduciary relationship to the proposed company and must act in Good Faith in all their dealings for the proposed corporation.

promoter

n. a person who puts together a business, particularly a corporation, including the financing. Usually the promoter is the principal shareholder or one of the management team and has a contract with the incorporators or makes a claim for shares of stock for his/her efforts in organization. Most states limit the amount of "promotional stock" since it is supported only by effort and not by assets or cash. (See: promotional stock)

promoter

noun  advocate, aider, auctor, backer, benefactor, encourager, enterpriser, fautor, financial backer, financier, founder, organizer, organizer of business enterprises, organizer of commercial enterprises, patron, planner, prime mover, publicist, sponsor, supporter
See also: abettor, advocate, backer, benefactor, coactor, conspirer, developer, disciple, partisan, patron, sponsor
References in periodicals archive ?
Results: In CAT-21A/T (rs7943316) gene promoter polymorphism, wild type genotype (AA) was observed in 18.
5 found that AVPR1A gene promoter -6951 SNPs are closely associated with vasoconstrictor effect.
Human glial fibrillary acidic protein gene promoter targets hepatic and pancreatic stellate cells in transgenic Bama mini-pigs.
Functional analysis of two Sp1/Sp3 binding sites in murine Nanog gene promoter.
However, our findings represent the first evidence of an association between VDR gene promoter methylation and reduced VDR expression in ACC.
A functional polymorphic variant in the interleukin-11 gene promoter associated with low bone resorption in postmenopausal women.
These results suggest that the lack of ER[alpha] and neonatal DES treatment each blocked the normal developmental alterations in the DNA methylation status of these four specific CpGs (-160, -237, -306, and -367) of the Svs4 gene promoter.
2011) supports this hypothesis as well as previous findings showing mechanistically linked but temporally complex relationships between chromatin marks at gene promoters and mRNA abundance.
CENTRIC includes patients with newly diagnosed glioblastoma and methylated O6-methylguanine-DNA methyltransferase (MGMT) gene promoter status.
Compound heterozygosity for an apolipoprotein A1 gene promoter mutation and a structural nonsense mutation with apolipoprotein A1 deficiency," Arterioscler Thromb Vasc.
The percentage of p16 protein expression is inversely correlated with the p16 gene promoter methylation status, suggesting that the methylation might play predominant role in p16 gene inactivation in human ovarian cancers.