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Simple English definitions for legal terms
corporator
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A quick definition of corporator:
A corporator is a member of a corporation. This means they are part of a group of people who work together for a common goal. Sometimes, a corporator is also someone who helps start a new corporation. It's important to remember that the corporators are not the same as the corporation itself, even though they are part of it. They can both sue each other if needed.
A more thorough explanation:
Definition: A corporator is a member of a corporation or one of the original organizers or promoters of a new corporation.
For example, if you own stock in a corporation, you are considered a corporator. Additionally, if you helped start a new corporation, you are also a corporator.
These examples illustrate that a corporator is someone who has a vested interest in a corporation, either through ownership or involvement in its creation.
Corporation for National and Community Service | corporeal hereditament