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pro·mot·er n: one who alone or with others actively participates in the formation of a business or venturepromoter s owe a fiduciary duty to the corporation they are promoting — R. C. Clark
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
noun
adiutor, 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
II
index
abettor, advocate (espouser), backer, benefactor, coactor, conspirer, developer, disciple, partisan, patron (influential supporter), sponsor
Burton's Legal Thesaurus. William C. Burton. 2006
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n.A person who founds a corporation.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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A person who puts together a new business, particularly a corporation, including the financing; an organizer of a new venture. Usually the promoter is the principal shareholder and receives shares of promotional stock for organizing the corporation.Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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The meaning of promoter is not defined by statute. Generally, any person who plays a major part in forming a company or establishing its business (usually the prospective owners or directors of the company). Where any trading takes place on behalf of the company, before the certificate of incorporation is issued, any person who purports to act for or as agent of a company before the company has been formed will be personally liable for any contract they make on behalf of the company (section 36C, Companies Act 1985).Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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A person who devises a plan for a business venture; one who takes the preliminary steps necessary for the formation of a corporation.
Dictionary from West's Encyclopedia of American Law. 2005.
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A person who devises a plan for a business venture; one who takes the preliminary steps necessary for the formation of a corporation.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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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.
Law dictionary. EdwART. 2013.