Beneficial ownership
Encyclopedia
Beneficial ownership is enjoyed by anyone who has the benefits of ownership
of a Security (finance)
or property
, and yet does not nominally own the asset itself.
In US securities law, a beneficial owner
(as distinct from a "nominee owner," "registered
owner," or "record holder") of a security includes any person who, directly or indirectly, has or shares voting or investment power.http://www.law.uc.edu/CCL/34ActRls/rule13d-3.html
Ownership
Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties. The concept of ownership has...
of a Security (finance)
Security (finance)
A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...
or property
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
, and yet does not nominally own the asset itself.
In US securities law, a beneficial owner
Beneficial owner
Beneficial owner is a legal term where specific property rights in equity belong to a person even though legal title of the property belongs to another person. Black's Law Dictionary...
(as distinct from a "nominee owner," "registered
Registered
Registered can refer to:* Registered company* Registered mail, a trackable mail service available in most countries* Registered memory, a type of computer memory, also known as buffered memory...
owner," or "record holder") of a security includes any person who, directly or indirectly, has or shares voting or investment power.http://www.law.uc.edu/CCL/34ActRls/rule13d-3.html