Define: Private Club

How is Private club defined in a legal contract?

• Private Club means an entity, regardless of whether it's corporate or not, which is the holder, tenant, or occupant of a structure used solely for club-oriented activities. The entity is run solely for non-profit recreational, social, or athletic purposes and may sell alcoholic beverages only as a minor part of its operations. The affairs and management of the entity are led by a board of directors or a similar group chosen by the members during an annual meeting. The entity has established rules or a constitution to control its activities. Seen in 76 SEC filings
• Private Club means a license provided as per this code. Seen in 18 SEC filings
• Private Club means a facility used by an entity that restricts its membership and is organised for recreational, social or athletic purposes. Seen in 15 SEC filings
• Private Club means an entity, incorporated or not, that is the owner, lessee, or occupant of a place used exclusively for club purposes at all times and satisfies the following criteria. Seen in 14 SEC filings
• Private Club means any group or organization that does not permit the general public access to its facilities or activities. Membership rules must be observed for access, and to qualify as a private club, the organization must meet specific criteria. Seen in 14 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of private club' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Private Club means a non-profit entity, limiting membership, exclusive for recreational or social activities.

Relevant Contract Types

• Membership Agreement Contracts
• Club Charter Contracts
• Property Lease Agreements
• Facility Rental Agreements
• Partnership Agreements

Relevant Circumstances

• Forming a new private club
• Reviewing conditions for membership
• Updating club's rules and bylaws
• Leasing a facility for club's activities
• Considering a partnership with another entity

Relevant Sectors

• Non-Profit Organizations
• Recreational Facilities
• Sports Clubs

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Genie Definition 2

Private Club means an organization, achieving vested criteria, using its premises exclusively for club purposes.

Relevant Contract Types

• Club Bylaws
• Operating Agreements
• Contractual Rules and Regulations

Relevant Circumstances

• Establishing new operational terms or rules
• Changing the club's purpose
• Reviewing compliance to set criteria

Relevant Sectors

• Private Dining Facilities
• Golf Clubs
• Athletic and Sports Clubs

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