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Officers: Glossary Definition

Definition of Officers:

Officers are the senior managers appointed by the Board of Directors to operate a corporation.  There are typically at least three officers:  a President, a Treasurer and a Secretary.  More than one of these positions may be held by a single person.  The President (who often serves as the Chief Executive Officer of the company) reports to the Board of Directors, while other officers typically report to the President.

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Today’s Question — Thursday, March 11

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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