agent (noun, a-gent, \ ˈeɪdʒənt \) for service (noun, ser-vice, \ ˈsɜːrvɪs \) of process (noun, pro-cess, \ ˈprɑːses \)
Definition: is an officer appointed (or elected) by the board of directors and tasked with receiving and recording legal notices, lawsuits or other processes on the behalf of the corporation. This position is required by law, as before a lawsuit can come into effect the defendant must first be “served” with an appropriate notice. It’s crucial for a company to have a responsible individual in this position, as misplacing or losing a notice may have drastic consequences for the corporation. Alternatively, such an individual is called a registered agent.
In a Sentence:
If the address of your agent for service of process has changed, it’s your duty to notify the state about it. After all, if the notice will be misdelivered, it’s your corporation that will suffer the consequences.
I’ve told you from the start that appointing your nephew as our agent for service of process is going to backfire on us. Now, we’ve been informed about a court hearing next week, and the board didn’t even know a lawsuit was filed against us.
Synonyms and related words: corporation, registered agent, limited liability company, service of process