In domestic and international commercial law, a beneficial owner is a natural person or persons who ultimately owns or controls an interest in a legal entity or arrangement, such as a company, a trust, or a foundation.[1] Legal owners (i.e. the owners on the record), commonly described as the "registered owners", may hold those interests as beneficial owners or for the benefit of someone else, in which case they may be described as a "nominee".
Beneficial owners hold specific property rights ("use and title") in equity belong to a person even though legal title of the property belongs to another person. Beneficial owner is subject to a state's statutory laws regulating interest or title transfer.[2] This often relates where the legal title owner has implied trustee duties to the beneficial owner. A common example of a beneficial owner is the real or true owner of funds held by a nominee bank.
^A Beneficial Ownership Implementation Toolkit. Inter-American Development Bank (IADB) and Organisation for Economic Co-operation and Development (OECD) (Report). March 2019. p. 51. Retrieved 15 April 2020.
^Black's Law Dictionary (2nd Pocket ed. 2001 pg. 508)
and 28 Related for: Beneficial ownership information
similar beneficialownership disclosures are a part of the FinCEN Customer Due Diligence Final Rule effective from May 11, 2018. The BeneficialOwnership Data...
the corporation is not required or permitted to enquire as to the beneficialownership of the shares. A corporation generally cannot own shares of itself...
248. Retrieved August 25, 2023. Mr. McMahon is expected to have beneficialownership of approximately 28,752,105 shares of New PubCo Class A common stock...
from land and to transfer beneficialownership of the land to itself or others, but by itself does not grant beneficialownership. While not the first time...
Thursday, 25 May 2023, Nigeria launched its Open Central Register of BeneficialOwnership (known as the Persons with Significant Control Register) in line...
Justice rules on Beneficial Owner Registers | Regulatory Blog". Harneys. "FinCEN Issues NPRM Regarding Access to BeneficialOwnership Information and Related...
official shareholdings and scrutinise indirect, controlling and beneficialownership which refers on shares of a media company hold on behalf of another...
corporation that is affiliated with Sherman Financial Group through common beneficialownership. On July 30, 1984, First National Bank of Marin (FNBM) began operations...
into the recipient's legal ownership), but the legal owner is not permitted to benefit from it, and so beneficialownership of the property springs back...
beneficialownership by individuals (SoftBank)". U.S. Securities and Exchange Commission. 14 February 2023. "Statement of acquisition of beneficial ownership...
"United States Securities and Exchange Commission Initial Statement of BeneficialOwnership of Securities – Eduardo Saverin". U.S. Securities and Exchange Commission...
pronounced [aːˈgeː]) is a German word for a corporation limited by share ownership (i.e., one which is owned by its shareholders) whose shares may be traded...
onus is upon the person seeking to show that the beneficialownership is different from the legal ownership and that the key question in cases such as this...
protection and benefits for the owners and members. Forms of business ownership vary by jurisdiction, but several common entities exist: A sole proprietorship...
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter...
group to support and increase the number of companies implementing beneficialownership transparency and worked to articulate a business case for doing so...
Close associates include any individual who is known to have joint beneficialownership of a legal entity or legal arrangement, or any other close business...
Report MTM – Mark To Market NAV – Net asset value NCBO – No Change of BeneficialOwnership NCND – Non-Circumvent and Non-Disclosure NDA – Non-Disclosure Agreement...
companies were primarily vehicles for lawfully hiding the identity of their beneficial owners, and this is still the defining feature of shell companies due...
ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The annual statement of beneficialownership of...
used to overcome specific issues such as management and control, beneficialownership and substance. Since the Life company is recognized as the legal...
behalf of another nor the existence of beneficial owners. Uncertainty in the realm of transparency of media ownership in Turkey increased after 2001, when...
foreign private issuers Form D An exempt offering of securities under Regulation D 3 Initial statement of beneficialownership (Insider transactions)...
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