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

Look at other dictionaries:

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

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  • 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

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