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Simple English definitions for legal terms
Register
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A quick definition of Register:
Register: A register is a list of people who own a part of a company, called shares. It also keeps track of when the company issues new shares or when people buy or sell shares. Companies have to tell the government when they want to sell shares, and this is called registering the shares. They do this by filling out a form and sending it to the Securities and Exchange Commission (SEC).
A more thorough explanation:
Definition: Register refers to two different things:
- Register is a list of a company's shareholders and a record of the company's stock issuances and transfers.
- Register is the process of filing a security offering with the appropriate government agency to make the security available for sale.
For example, when a company issues stock, it must keep a register of all the shareholders who own the stock. This register includes information such as the shareholder's name, address, and the number of shares they own. The company also keeps a record of when the stock was issued and any transfers of ownership that occur.
Another example of register is when a company wants to sell securities to the public, it must register the securities with the Securities and Exchange Commission (SEC). This involves filing a registration statement with the SEC, which includes information about the company and the securities being offered. Once the registration statement is approved, the securities can be sold to the public.
These examples illustrate how register is used to keep track of ownership and to ensure that securities are sold in compliance with government regulations.
Regents of the University of California v. Bakke (1978) | register of deeds