managing agent

managing agent
A person invested by a corporation with general powers involving the exercise of judgment and discretion. Anno: 113 ALR 70 et seq. An executive of a co-operative apartment association. 15 Am J2d Con Apt § 21. As one upon whom service of process binding a foreign corporation can be made:–an officer or agent whose position, right, and duties make it reasonably certain that the corporation will be apprised of service made upon him. 36 Am J2d For Corp § 558. An agent whose contract of agency demands of him the exercise of judgment in the business affairs of his principal, and who has charge of all of the business of his principal in the territory covered by his contract. Ord Hardware Co. v J. I. Case Threshing Machine Co. 77 Neb 847, 110 NW 551. As one through whom a corporation may be examined by way of discovery or deposition: – one authorized to exercise judgment and discretion in dealing with corporate matters and expected to identify himself with the interest of the corporation. Anno: 98 ALR2d 626, 627, § 3[a, b].

Ballentine's law dictionary. . 1998.

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