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Generally, a stockholder or shareholder is an owner of stock or shares in a private or public corporation, while a member is an owner of an interest in a limited liability company (an LLC).
Shareholders have an investment interest in the company, while members have a legal interest in the companys management and operation. All members and shareholders are recorded in the companys register of members. In a company limited by shares, the register of members and register of shareholders are synonymous.
An assignment agreement assigning a members entire membership interest in a limited liability company to a third-party buyer. This agreement is delivered as an ancillary document in an MA transaction involving the sale of a limited liability company by a single seller to a single buyer.
A membership interest represents a members ownership stake in an LLC. A person who holds a membership interest has a profit and voting interest in the LLC. Ownership in an LLC can be expressed by percentage ownership interest or membership units.
Assigned Shares means a number of shares of Buyer Class A Common Stock equal to the product of (a) the number of shares of Buyer Class A Common Stock redeemed pursuant to exercise of the Buyer Stockholder Redemption Right minus 2,000,000 and (b) 26.6%; provided, however, that the number of Assigned Shares shall in no
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The par value, or face value, is the stated value per share. This price was printed on paper stock certificates before they became antiquated for newer electronic versions. If a company did not set a par value, its certificates were issued as no-par value stocks.

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