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LSDefine

Simple English definitions for legal terms

stakeholder

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A quick definition of stakeholder:

A stakeholder is someone who has an interest in a business or project and could be affected by how it turns out. This could include people like shareholders, employees, suppliers, the community, and the government. In some cases, a stakeholder might be a third party who holds money or property that is being disputed by other parties. They can file a legal action called an interpleader to have a court decide who should get the property.

A more thorough explanation:

In business law, a stakeholder is someone who has an interest in a company or project and could be affected by its performance or outcome. This could include:

  • Shareholders
  • Investors
  • Employees
  • Suppliers
  • The community
  • The government

For example, if a company is doing well, shareholders and investors may benefit by making more money. If a company is doing poorly, employees may be at risk of losing their jobs.

In some cases, a stakeholder may be a third party who holds or possesses money or property that is in dispute between two or more parties. This third party is called a stakeholder because they have a stake in the outcome of the dispute. For example, an insurance company may be a stakeholder in a dispute over who should receive a payout.

If there is a dispute over who should receive the money or property, the stakeholder may file an interpleader suit. This allows a federal district court to determine who should have the property. By doing this, the stakeholder can avoid being held liable by multiple parties.

SSI | Stambovsky v. Ackley

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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