Promoter

(redirected from internal promoter)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Most RNAP III promoters are inside the sequences expressed as RNAs, and these internal promoters can be divided into three categories based on their organization and transcription factor dependence [3].
Matsutani, "Similarities in transcription factor IIIC subunits that bind to the posterior regions of internal promoters for RNA polymerase III," BMC Evolutionary Biology, vol.

Full browser ?