Sulja Bros. Building Supplies, Ltd (SLJB)

[Ragz]

12ring,
totally correct especially in a "nominees" acount. A "nominee" is a representitive of ?

A nominee shareholder is the registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner will normally require the nominee shareholder to execute a declaration of trust in respect of such shares.

The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to appoint a nominee, for example, in the case of a wholly-owned subsidiary that is required by its articles of association to have two shareholders. A nominee shareholder may be an individual or a body corporate.

Ragz