nominee shareholder

nominee shareholder
The registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to appoint a nominee. A nominee shareholder may be an individual or a body corporate. Brokers adopt the practice of creating a company to act as a nominee shareholder to ease the administration of buying and selling holdings on behalf of their clients.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • nominee — nom·i·nee /ˌnä mə nē/ n 1: a person named as the recipient of a grant, conveyance, or annuity 2: a person named or proposed for an office, duty, or position: as a: a person named to act as another s agent or representative b: a candidate selected …   Law dictionary

  • nominee director — A person who is expected to act in accordance with some understanding or arrangement which creates an obligation or expectation of loyalty to a person other than the company as a whole. For example, in the context of a joint venture this is… …   Law dictionary

  • shareholder — (stockholder) A person who owns shares of stock in a corporation or joint stock company. Referred to as Shareholder under Rev. Model Bus.Corp. Act and a number of state statutes, and defined in Model Act (No. 1.40) as the person in whose name… …   Black's law dictionary

  • PCD Nominee Corporation — (PCNC) is a wholly owned subsidiary of the Philippine Central Depository, a corporation established to improve operations in securities transactions and to provide a fast, safe and highly efficient system for securities settlement in the… …   Wikipedia

  • Bank of England — Bank of England …   Wikipedia

  • St. Xavier's School, Ranchi — Infobox School2 | name = St. Xavier s School, Doranda, Ranchi established = 1960 type = Private head name = Principal head = Fr. Ajit Kumar Xess students = 1000+ mascot = free label = free = city = Ranchi state = Jharkhand country = India website …   Wikipedia

  • beneficial interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. beneficial interest …   Law dictionary

  • beneficial owner — see owner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. beneficial owner n …   Law dictionary

  • stockholder — (shareholder) A person who owns shares of stock in a corporation or joint stock company. Referred to as Shareholder under Rev. Model Bus.Corp. Act and a number of state statutes, and defined in Model Act (No. 1.40) as the person in whose name… …   Black's law dictionary

  • Street name securities — In the United States street name securities are securities of publicly traded companies held electronically in the account of a stock broker, similar to a bank account. The actual shareholder is referred to as the beneficial owner. In the United… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”