Nominees
/ˌnɒmɪˈniːz/
Definitions
- (n.) Individuals appointed to act on behalf of another, often holding title or property in trust for the principal.
The nominees signed the agreement to hold the shares on behalf of the beneficial owners.
Forms
- nominee
Related terms
See also
Commentary
In legal contexts, nominees typically hold legal title but beneficial interest remains with another; clarity in nomination agreements is important to delineate rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.