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The trustee becomes the legal owner while the beneficiaries become the beneficial owners. The trustee, as the legal owner of property, has the power and authority to control and manage it for the benefit of the beneficiaries. The beneficiaries are entitled to all of beneficial interest in the property.
A registered owner or record holder holds shares directly with the company. A beneficial owner holds shares indirectly, through a bank or broker-dealer.
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.
Beneficial Ownership Percentage is calculated by dividing the number of Ordinary Shares and Share Equivalents of which a person is a Beneficial Owner as of a specific date by the total number of Ordinary Shares outstanding at that moment.
A controlling person: defined as an individual who has significant responsibility for managing the business/legal entity (e.g. CEO, CFO, Treasurer, etc.). Each beneficial owner: all those who directly or indirectly own a 25% stake or higher in the business/legal entity.
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.
Rights to acquire beneficial ownership: Under Rule 13d-3(d)(1), a person is deemed a beneficial owner of an equity security if the person (1) has a right to acquire beneficial ownership of the equity security within 60 days or (2) acquires the right to acquire beneficial ownership of the equity security with the ...
A beneficial owner is someone who owns at least part of a property or other asset, even if its legal title is owned by someone else. That person can also vote on or otherwise influence decisions regarding transactions involving that asset or property. An example is a corporate shareholder.