Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Shareholder
One who owns or holds a share or shares in a company, esp. a corporation. - Also termed shareowner; (in a corporation) stockholder.
controlling shareholder
A shareholder who is in a position to influence the corporation's activities because the shareholder either owns a majority of outstanding shares or owns a smaller percentage but a significant number of the remaining shares are widely distributed among many others.
dummy shareholder
A shareholder who owns stock in name only for the benefit of the true owner, whose identity is usu. concealed.
majority shareholder
A shareholder who owns or controls more than half the corporation's stock.
minority shareholder
A shareholder who owns less than half the total shares outstanding and thus cannot control the corporation's management or singlehandedly elect directors. shareholder-control agreement See POOLING AGREEMENT.
nonshareholder constituency
A group of nonstockholders, such as employees or the public, who have an interest in the corporation's business - an interest that the corporation may legally consider, in addition to shareholders' interests, in making major policy decisions. - Also termed alternative constituency.
shareholder derivative suit
See DERIVATIVE ACTION (1).
shareholder oppression
See OPPRESSION (4).
shareholder proposal
A proposal by one or more corporate stockholders to change company policy or procedure. ( Ordinarily, the corporation informs all stockholders about the proposal before the next shareholder meeting.
shareholder resolution
A resolution by shareholders, usu. to ratify the actions of the board of directors. 3. A document containing such an expression or authorization.
shareholder voting agreement
See POOLING AGREEMENT.
shareholder's liability
1 The statutory, added, or double liability of a shareholder for a corporation's debts, despite full payment for the stock. 2. The liability of a shareholder for any unpaid stock listed as fully owned on the stock certificate, usu. occurring either when the shareholder agrees to pay full par value for the stock and obtains the certificate before the stock is paid for, or when partially paid-for stock is intentionally issued by a corporation as fully paid, the consideration for it being entirely fictitious. - Also termed stockholder's liability.
shareholders' equity
See OWNERS' EQUITY.