Members
/ˈmɛm.bərz/
Definitions
- (n.) Individuals belonging to a group, organization, or collective with rights and duties defined by its governing rules.
The members of the board convened to discuss the policy changes.
- (n.) Participants who hold ownership interests in a limited liability company (LLC) and have rights under the operating agreement.
All members of the LLC must approve the new capital contribution.
Forms
- member
Related terms
See also
Commentary
Use precise context to distinguish 'members' in organizational governance from ownership interests, especially in LLC law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.