Beneficial member definition

Beneficial member of a company means an individual who has a beneficial interest or any part of a beneficial interest in a share or any part of a share in that company (but does not include an individual who holds only the legal title of any share or any part of a share).
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Beneficial member means a person who is the beneficial owner of a membership interest held in a voting trust or by a nominee on the beneficial owner’s behalf.
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Beneficial member means the person who is a beneficial owner of a membership interest held by a nominee as the record member;
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Examples of Beneficial member in a sentence

  • Every Beneficial member certificateholder shall be liable for and shall pay a premium at the rate specified in the certificate and any rider attached thereto, or as otherwise provided in these By-Laws.


More Definitions of Beneficial member

Beneficial member means any present or future Member of Ngati Porou and all Subsidiaries;
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Beneficial member means any present or future Member of Taranaki Iwi;
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Beneficial member means a person who is the beneficial owner of a mem- bership interest held in a voting trust or by a nominee on the beneficial owner’s be- half.
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Beneficial member means and refer to every Lot Owner other than Declarant.
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Related to Beneficial member

  • Financial Member means a person who has paid the required membership fee and is listed on the Register of Members.

  • Beneficial use means the right to possession, use, and enjoyment of property, limited only by encumbrances, easements, and restrictions of record.