Nolo's Plain-English Law Dictionary


A person elected by a profit or nonprofit corporation's board of directors, or by the members or managers of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as president, secretary, or treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary, and treasurer. Election of a vice president may be required by state law.