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Manager: Glossary Definition

Definition of Manager:

An LLC may be managed by its members (i.e., its owners) or by its managers.  If managed by managers, there may be a single manager or several managers (sometimes called a Board of Managers).  Managers serve the LLC similar to how a Board of Directors serves a corporation.

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Today’s Question — Friday, March 12

Must stockholders of my corporation be issued stock certificates?

It depends. The bylaws of the corporation and applicable law should be reviewed to determine if stock my be “certificated” or if it can be “uncertificated.”

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