Member
Definition
The equivalent of a shareholder in a limited liability company (LLC). Also, any person on the rolls of an organization with rights and responsibilities.
See also
Definition from Nolo’s Plain-English Law Dictionary
A person or entity on the rolls of an organization, with rights and obligations. Also, the owner of a limited liability company.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:19 pm
