- nominee shareholder
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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. www.practicallaw.com. 2010.
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
