What term describes the incorporators of a non-stock corporation?

Study for the Revised Corporation Code test. Prepare with comprehensive multiple-choice questions and detailed explanations. Boost your knowledge and confidence for your exam day!

In the context of a non-stock corporation, the term that describes the incorporators is "members." Non-stock corporations are typically formed not to generate profit but to pursue specific objectives, often related to social, charitable, or community interests. Members are the individuals or entities that have joined the corporation to further its mission and take part in its governance.

These members are akin to shareholders in a stock corporation, but they do not possess share capital. Instead, they have rights and responsibilities as specified in the corporation's bylaws and the law governing non-stock corporations. Being a member allows individuals to participate in decision-making processes, including voting on important matters that impact the organization.

Other terms like "officers" refer to individuals who hold specific positions and manage day-to-day operations, rather than being the founders or incorporators. "Sharers" and "investors" imply a financial stake and return on investment typically associated with stock corporations, which is not applicable to non-stock entities. Therefore, referring to the incorporators of a non-stock corporation as "members" accurately reflects their role and involvement within the organization.

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