What is a shareholder's beneficial status? 'Beneficially held' means that the owner of the shares gets the direct benefit from the shares. Direct benefits include dividend payments. If the shareholder is not holding the shares on behalf of another person, organisation or trust, the shares are beneficially held.

16-10a-601 Authorized shares. (1) The articles of incorporation shall prescribe the classes of shares and the number of shares of each class that the corporation is authorized to issue.

A beneficial owner is a person who enjoys the benefits of ownership though the property's title is in another name. Beneficial ownership is distinguished from legal ownership, though in most cases, the legal and beneficial owners are one and the same.

As a shareholder of a public company you may hold shares directly or indirectly: A registered owner or record holder holds shares directly with the company. A beneficial owner holds shares indirectly, through a bank or broker-dealer.

“Beneficially held” means the shareholder gets the direct benefit of owning the shares. “Non-beneficially” held means that the shareholder is holding the share "as trustee for" or "in trust for" a second entity such as a Trust, a company or another individual.

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(b) "shareholder" includes a beneficial owner whose shares are held in a voting trust and any other beneficial owner who establishes beneficial ownership. A Declaration of Beneficial Use Amounts declares the beneficial use amount on one or more of the water rights in a water use group.Note advocates that Utah courts should acquiesce to the Utah Legislature and hold that shares of water stock are transferred per the Utah Uniform. You can change a shareholder's beneficial status online. You must have registered for online access and use your account details to log in. If any beneficial ownership information changes, you will have 90 days from the day of the change to file an updated or corrected report with FinCEN. All waters in Utah are public property. A "water right" is a right to divert (remove from its natural source) and beneficially use water.

Change Shares To Beneficially Held In Utah

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