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Member: Glossary Definition

Definition of Member:

A member is an owner of equity interests issued by an LLC.  A member may be an entity or an individual.
Definition of Membership Interest
The equity interests issued by an LLC are called “membership interests.”

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Today’s Question — Friday, September 10

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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