Beneficiary owner definition

Beneficiary owner means the individual or legal entity, which owns or, is the last to control a client and/or the person in whose interest a transaction is executed. This also includes the persons executing the last effective control on a legal person. The last effective control is the relationship in which a persons:
Sample 1Sample 2Sample 3
Beneficiary owner means an individual who is able directly or indirectly (via third parties) to ultimately exercise control over the Subscriber actions.
Sample 1
Beneficiary owner means: an individual as specified in Clause 11 Article 8 of the Law on AML/CFT;
Sample 1

Examples of Beneficiary owner in a sentence

  • In addition, the Issuer must take all the steps necessary to identify the User and, where appropriate, the Beneficiary owner of the Account and/or any payment Transactions linked to the latter.

  • D&CC/ CDSL/1988/2002 dated 01.02.2002.13.6.1.2.1. If the request relates to transfer of Securities issued by RBI or the Central or State Government from an account with CDSL to an account with another eligible entity, CDSL shall, on the strength of the letter of authority issued by the BO, execute and forward the form iii to RBI or the Central or State Government or to the other eligible entity with whom the Beneficiary owner wishes to hold the said securities.

  • The number of shares of Common Stock into which the Warrants are exercisable on the date hereof is equal to twenty percent (20%) of the number of shares of Common Stock on a Fully-Diluted Basis, as specified in Schedule 6.18 of the Perfection Certificate.

  • NOMINATION DETAILSI/We the sole holder/Joint holder/Guardian (in case of nominee) hereby declare that: I/We do not wish to nominate any one for this account.I/We nominate the following person who is entitled to receive security balances held in Depository lying in my / our account, particulars whereof are given below, and is the said Beneficiary owner in the event of my/our death.

  • Beneficiary owner is obliged to disclose information about himsefl/herself ifhis/her ownership of securities of any class is more than 5%.

  • An assignee cannot change the Beneficiary, owner, or contingent owner.

  • When you have concluded your evaluation to your satisfaction, copy your feedback to the online review form to submit your evaluation.The evaluation is divided into five sections.SIGNIFICANCERESEARCH PLANINVESTIGATORSBUDGETOVERALL SCORE Provide comments and scores for each section according to the instructions below.

  • The Employer or the Participant-owner or Beneficiary owner may change the settlement options of the Plan Contract at any time during the lifetime of the Participant and during the sixty days after the Participant dies, so long as doing so does not adversely affect the other's rights.

  • Beneficiary owner accounts were characterized by (i) multiple accounts by accountholders, (ii) inaccurate account information, and (iii) misreporting of transaction income earned.

  • An assignee may not change the Policy Beneficiary, owner, or contingent owner.


More Definitions of Beneficiary owner

Beneficiary owner. : means the natural person who has ultimate ownership of or final control over a client, the person in whose interest an operation is made or the person who actually controls a legal person or a legal entity or arrangement.
Sample 1

Related to Beneficiary owner

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.

  • land reform beneficiary , in relation to a property, means a person who -

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • additional spouse means a spouse by the party to the marriage who is additional to the party to the marriage;

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Eligible beneficiary means a resident of this state who:

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Spouse means, an individual who,

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Honorary Life Member means a Member who has been elected as such by the Board;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.