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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.
Source : Bouvier 1856
Language : English