Common Contracts
1 similar Nominee Shareholder Agreement contracts
Nominee shareholder agreement templateNominee Shareholder Agreement • July 11th, 2023
This Declaration of Trust (Nominee Agreement) should be used where a nominee shareholder, who is the registered owner of shares, holds shares for the benefit of another person (the beneficial owner). A beneficial owner may choose as part of the shareholding arrangements of a company to appoint a nominee as it does not wish its name to appear on the share register or it may be required to appoint a nominee, for example by the company’s articles of association.A company will not record details of any trust arrangement on its share register (register of members) and so as far as the company is concerned, the person named in the company’s share register is the registered shareholder. The beneficial owner of the shares will therefore often want its nominee to execute a declaration of trust in order to document the terms upon which its nominee holds the shares. A nominee can be either an individual or a body corporate.Since 6th April 2016, most UK companies are required to identify and recor
