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Promoter in United Kingdom

Concept of Promoter

The following is an old definition of Promoter [1], a term which has several meanings:1. A person who, in a popular or penal action (see, in this resource, the term), prosecuted offenders in the name of the crown and of himself. He was a common informer; he promoted charges. 2. A person who, by his active endeavors, assists in procuring the formation of a com- pany and the subscription to its shares. Not a term of law, but of business, usefully summing up in a single woi’d a number of business operations, familiar to the commercial world, by which a company is generally brought into existence. The promoters of a corporation secured subscriptions to its stock without informing purchasers that they were to have stoclt for nothing. Held, that the promoters were fiduciaries, with no right to derive advantage over other stockholders without full disclosure, and that the shares of stock should be transferred, and profits refunded, to the corporation.


Notes and References

  1. Meaning of Promoter provided by the Anderson Dictionary of Law (1889) (Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims and an Exposition of the Principles of Law: Comprising a Dictionary and Compendium of American and English Jurisprudence; William C. Anderson; T. H. Flood and Company, Law Publishers, Chicago, United States)

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(2017, 03). Promoter lawi.org.uk Retrieved 06, 2021, from https://lawi.org.uk/promoter/

03 2017. 06 2021 <https://lawi.org.uk/promoter/>

"Promoter" lawi.org.uk. lawi.org.uk, 03 2017. Web. 06 2021. <https://lawi.org.uk/promoter/>

"Promoter" lawi.org.uk. 03, 2017. Accesed 06 2021. https://lawi.org.uk/promoter/

Anthony Lincoln, 'Promoter' (lawi.org.uk 2017) <https://lawi.org.uk/promoter/> accesed 2021 June 19

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Schema Summary

  • Article Name: Promoter
  • Author: Anthony Lincoln
  • Description: Concept of Promoter The following is an old definition of Promoter [1], a term which has several meanings:1. A person who, [...]

This entry was last updated: March 28, 2017


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