Search the Community
Showing results for tags 'exclusive'.
Found 1 result
jstackpo posted a topic in Advanced DiscussionIf bylaws say (not uncommonly): (a) The government and management of the Club shall be vested in the Board of Directors does that "vested" give the Board exclusive control over those elements of "government and management" (whatever those two terms may involve)? Cf. p. 483. line 10. Is 'vested" a well defined (legal-?) term? RONR uses "vested" in two places, pages 256 & 465, without explicit definition.