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Legal Terms – club
an organization governed by bylaws binding on its members under contract law. Club property is either owned by a proprietor (often a company limited by guarantee) who runs the club as a profit-making enterprise, or it is vested in trustees acting on behalf of the members (members’ club). In a members' club, the committee is often responsible for club debts; in a proprietary club, the owner is.
an organization governed by bylaws binding on its members under contract law. Club property is either owned by a proprietor (often a company limited by guarantee) who runs the club as a profit-making enterprise, or it is vested in trustees acting on behalf of the members (members’ club). In a members' club, the committee is often responsible for club debts; in a proprietary club, the owner is.
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