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Simple English definitions for legal terms

Record owner

Read a random definition: anti-greenmail provision

A quick definition of Record owner:

Record owner: A person who owns a property and their name is written on the title. This term is often used for brokers who legally own shares but give the voting rights, profits, and losses to the people who actually benefit from them. Another term for record owner is legal owner.

A more thorough explanation:

A record owner is a person or entity whose name is listed on the official title of a property. This means that they have legal ownership of the property and are responsible for any associated rights and responsibilities.

For example, if John Smith is listed as the record owner of a house, he is the one who has legal ownership of the property and is responsible for paying property taxes, maintaining the property, and making any decisions related to the property.

The term "record owner" can also refer to brokers who hold legal title to shares of stock but pass on the voting rights, profits, and losses to the beneficial owners. For instance, if a broker holds legal title to 100 shares of stock on behalf of a client, the client is the beneficial owner of those shares and is entitled to any profits or losses associated with them, even though the broker is the record owner.

Overall, the term "record owner" is used to identify the person or entity that has legal ownership of a property or asset, regardless of whether they are the ultimate beneficiary of that ownership.

record keeping | recording

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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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