general manager

general manager
A formal term for an executive in charge of a business; the status of a business officer under another title who is actually in the general management of the business. The person to whom the general business of a corporation is entrusted; the principal officer of a corporation, having general charge of the business matters for the carrying on of which the company was incorporated, and having the implied or ostensible authority for the performance of any act which is usual or necessary in the ordinary transaction of the company's business. 19 Am J2d Corp § 1174. One of the trustees of the business trust designated by the trustees to manage the operations of the trust, with power and authority to execute notes. Martin v Security Nat. Bank (Tex Civ App) 257 SW 645.

Ballentine's law dictionary. . 1998.

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