CORPORATO

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  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.