Holder of Record: The holder of record refers to an individual who possesses stocks in a company and is officially registered as the owner in the company’s records. This designation signifies that the company acknowledges this individual as the legitimate owner of the stocks and is accountable for providing them with essential information and privileges associated with their ownership.
In the stock market, the term “holder of record” refers to the individual or entity registered as the official owner of a specific stock. This designation entitles the holder of record to receive dividends and other benefits linked to that stock. For instance, if John Smith is listed as the owner of 100 shares of XYZ Company on the company’s records, he is considered the holder of record for those shares. Consequently, if the company distributes dividends to its shareholders, John Smith would be the recipient. Similarly, if a mutual fund possesses shares of a particular stock, it becomes the holder of record for those shares, regardless of individual investors’ involvement in the fund. Ultimately, the holder of record is the officially recognized owner of a specific stock and is entitled to any associated benefits.
A holder of record refers to an individual or entity whose name is officially registered as the owner of a particular security, such as stocks or bonds, in the books of the company or its transfer agent.
To become a holder of record, an individual or entity must purchase the security and have their ownership officially recorded in the company’s books or with its transfer agent.
As a holder of record, you have various rights, including the right to receive dividends or interest payments, the right to vote on certain matters, and the right to receive information and updates from the company.
Yes, a holder of record can transfer their ownership to another individual or entity through a process known as transferring or selling the security. This typically involves updating the ownership records with the company or transfer agent.
In most cases, holders of record can sell their securities at any time, subject to any restrictions or regulations imposed by the company or applicable securities laws.
If a holder of record loses their stock certificate or bond, they should contact the company or its transfer agent immediately to report the loss. The company or transfer agent will provide guidance on the necessary steps to replace the lost certificate or bond.
No, holders of record typically have the right to vote on certain matters, such as electing board members or approving major corporate actions. The specific voting rights may vary depending on the type of security and the company’s bylaws.
In most cases, holders of record have the right to attend the company’s annual general meeting and participate in the voting process. However, some companies may have restrictions or requirements for attending the meeting, such as a minimum number of shares held.
Yes, holders of record are entitled to receive dividends or interest payments directly from the company or its designated payment agent. These payments are typically made in accordance with the company’s dividend or interest payment schedule.
If a holder of record has concerns or issues regarding their ownership, they should contact the company’s investor relations department or its transfer agent. These parties can provide assistance and guidance in resolving any problems or addressing any questions related to the holder’s ownership.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/holder-of-record/
- Modern Language Association (MLA):Holder Of Record. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/holder-of-record/.
- Chicago Manual of Style (CMS):Holder Of Record. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/holder-of-record/ (accessed: May 09 2024).
- American Psychological Association (APA):Holder Of Record. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/holder-of-record/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts