Membership Status
/ˈmɛm.bər.ʃɪp ˈsteɪ.təs/
Definitions
- (n.) The legal condition or classification of an entity or individual within a membership-based organization, determining rights, privileges, and obligations.
The membership status of each shareholder determines their voting rights at the annual meeting.
Forms
- membership status
Related terms
See also
Commentary
Membership status often affects governance rights and fiduciary duties; precise definitions in bylaws or contracts are critical to avoid disputes.
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.