Promoter Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Promoter, written in plain English, along with examples of how it is used.

What is Promoter?

n.a person who initiates a business undertaking or corporation and is responsible to raise capital or funds for the new undertaking.He is either the major stock holder or the person responsible for management of the undertaking and receives stock for his efforts called “promational stock” which is limited as it is supported by effort and not cash or assets.