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LSDefine

Simple English definitions for legal terms

dummy shareholder

Read a random definition: lex Francorum

A quick definition of dummy shareholder:

A dummy shareholder is someone who owns shares in a company, but they don't really have any power or control over the company. They are just holding the shares for someone else who wants to keep their identity a secret. It's like pretending to be the owner of something, but really you're just holding it for someone else.

A more thorough explanation:

A dummy shareholder is a person who appears to be a shareholder of a company, but in reality, they do not own the shares. The shares are owned by someone else, and the dummy shareholder is holding them on their behalf. The true owner's identity is usually kept secret.

For example, if a company is owned by a foreign national who is not allowed to own shares in that country, they may use a dummy shareholder to hold the shares on their behalf. The dummy shareholder's name will appear on the company's records, but they have no real ownership or control over the company.

Another example is when a company wants to hide the identity of its true owners. They may use a dummy shareholder to hold the shares and keep the real owners' identities a secret.

These examples illustrate how a dummy shareholder can be used to conceal the true ownership of a company. It is important to note that using a dummy shareholder for illegal purposes, such as money laundering or tax evasion, is illegal and can result in severe penalties.

dummy director | dum non fuit compos mentis

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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