This means in the first case that no new subscribers may post. In the second case, it means that only subscribers may post. To allow someone to post means the list owner examines their subscription and removes the nopost attribute. Works flawlessly for us.
One caveat ... while I believe someone that posts to a list should be subscribed and receive distributions, not everyone in my real world agrees. In those case, the poster still gets a subscription, but the subscription has nomail set.
To unsubscribe from the LSTOWN-L list, click the following link:
http://peach.ease.lsoft.com/scripts/wa-PEACH.exe?SUBED1=LSTOWN-L&A=1