Venture Deals · glossary
A person registered as the holder of a share that belongs to someone else, under a declaration of trust. Duffy held one share in the Warsaw subsidiary as nominee, and nobody moved it when he left. Chapter 2
Explained in Chapter 2, Founding a Company, of Venture Deals.
The main page for this term is Nominee, in Legal Due Diligence.
Duffy held that share as a nominee (the registered holder for someone else). A declaration of trust records that the share belongs to the parent, and that he will deal with it as the parent directs.Read Chapter 2, Founding a Company →
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