Glossary entry

Spanish term or phrase:

accionista legitimado

English translation:

registered shareholder

May 11, 2009 16:14
15 yrs ago
6 viewers *
Spanish term

accionista legitimado

Spanish to English Law/Patents Law (general) corporate law
in Articles of Association
Change log

May 11, 2009 19:25: eski changed "Level" from "Non-PRO" to "PRO"

Votes to reclassify question as PRO/non-PRO:

PRO (3): Kathryn Litherland, liz askew, eski

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Discussion

Richard McDorman May 11, 2009:
Registered vs. Recognized Shareholder Is there a difference between "accionista legitimado" and "accionista registrado" in Spanish? I think that there is. If so, then a distinction should be made between a "registered shareholder" and a "recognized shareholder."

Proposed translations

13 mins
Selected

registered shareholder

In English, a registered shareholder is one whose name and other details are registered with the company and who generally has a right to attend general shareholders meetings/assemblies.

Q: What is a registered stockholder?
A: A registered shareholder is the owner of the stock as recorded by the transfer agent. The registered shareholder's name appears on the stock certificate.
Q: What if I hold shares through a broker?
A: Transfer agents do not keep track of shares traded or held through brokerage accounts -- those records are maintained by the brokerage. Stocks that are held in a brokerage account are considered to be held in "street name," which means that those shares are held on behalf of the stockholder by the broker. Because of this, the transfer agent considers the brokerage to be the registered shareholder. Brokerages keep track of their clients' accounts and provide their clients with information regarding their BRE shares, including the delivery of proxy materials and distribution of dividends.

***
En los escritos de solicitud de información, se hará constar el nombre y apellidos del accionista solicitante, el número de acciones de las que es titular, la cuenta de valores donde las tenga depositadas y demás
circunstancias que, en su caso, se especifiquen en la página Web de la Sociedad, debiendo acompañar el oportuno documento -copia de la tarjeta de asistencia o certificado de legitimación- que acredite su condición de accionista, ...
www.iberdrolarenovables.es/wcren/gc/es/doc/guia_del_accioni...

"La legitimación para la transmisión y para el ejercicio de los derechos derivados de las acciones de la Sociedad, o de los derechos reales limitados o gravámenes constituidos sobre ellas, podrá acreditarse mediante la exhibición del correspondiente certificado expedido por la Entidad u Organismo encargado del registro contable en que se hallen inscritas las acciones. "
www.acciona.es/secciones/000204030501/Es/2003-InformeAnualC...

Note from asker:
Hi, I now think the expression must refer to a shareholder with preferential rights. Thanks anyway, Ian Blockey
Hi again, I've now found this use of the term: "Los derechos de suscripción preferente se asignarán a los accionistas de la Sociedad que aparezcan legitimados como tales en los registros de Santander Investment, Sociedad Anónima (entidad encargada del registro contable de las acciones de la Sociedad) .... (en adelante, los “Accionistas Legitimados”)", so you must be right, I reckon
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4 KudoZ points awarded for this answer. Comment: "thanks for your help"
+1
19 mins

legitimate shareholder

The Raith Trust » Blog Archive » New Raith Rovers FAQ
The supporters, represented by RtR investment, are legitimate shareholders in New Raith Rovers with a right to appoint a director to that board. ...
www.raithtrust.org.uk/?p=22 - 32k - Cached - Similar pages


found a better reference:-)
Note from asker:
Asker: Hi, I now think the expression must refer to a shareholder with preferential rights. Thanks anyway, Ian Blockey
Peer comment(s):

agree Terejimenez
2 days 2 hrs
Something went wrong...
12 mins

recognized shareholder

In this case, "legitimado" is best translated as "recognized." Recognized shareholders of a company's stock publicly disclose their ownership status.

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Note added at 15 mins (2009-05-11 16:29:56 GMT)
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Depending on the context, however, it could be possible to translate the phrase as "rightful shareholder," but this is less likely.

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Note added at 28 mins (2009-05-11 16:43:03 GMT)
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See the KudoZ glossary entry for accionista registrado > share-holder of record, at http://www.proz.com/?sp=gloss/term&id=5560700.
Example sentence:

Only recognized shareholders may attend the meeting of the board of directors.

Note from asker:
Hi, I now think the expression must refer to a shareholder with preferential rights. Thanks anyway, Ian Blockey
Something went wrong...
+1
3 hrs

"legitimate stockholder"

Every legitimate stockholder of the present company will be allowed to exchange two shares of his present stock for one share of the reorganized upon ...
query.nytimes.com/gst/abstract.html?res=F60B14F6395E13738DDDAC0894DA405B828DF1D3 - Páginas similares
MATTHIESSEN INVITES EXAMINATION OF BOOKS; President Takes Up Corn ... - [ Traducir esta página ]Some other questions, it is explained, bear on information which any legitimate stockholder is free to secure at any reasonable time at the oi l flees of ...
query.nytimes.com/gst/abstract.html?res=F10F14FC345913738DDDAC0994D0405B858CF1D3 - Páginas similares
Más resultados de query.nytimes.com »
[PDF] The Delaware Court of Chancery Concludes Directors' Action To ... - [ Traducir esta página ]Formato de archivo: PDF/Adobe Acrobat - Versión en HTML
committee had a proper and legitimate objective in rescheduling the meeting: to better the chances that stockholders would vote in favor of the proposed ...
www.mnat.com/attachment/120/Inter-Tel.pdf - Páginas similares
GMA assures PIATCO stockholder: gov't will honor legitimate claims ... - [ Traducir esta página ]GMA assures PIATCO stockholder: gov't will honor legitimate claims. President Gloria Macapagal-Arroyo assures the stakeholders in the Philippine ...
www.gov.ph/news/default.asp?i=2292 - 35k - En caché - Páginas similares
G.R. No. 124478 - [ Traducir esta página ]They reiterated that the petitioner was not a legitimate stockholder, but merely a dummy for the late President Marcos; he was not, therefore, ...
www.lawphil.net/judjuris/juri1998/mar1998/gr_124478_1998.ht... - 29k - En caché - Páginas similares
Welcome to the EDC Website - Stockholder's Rights and Protection - [ Traducir esta página ]... it necessary to safeguard the rights and legitimate interest of the Company such ... It shall be the duty of the Board to promote stockholder's rights, ...
www.energy.com.ph/index.php?p=60 - 17k - En caché - Páginas similares
BATTLE FOR WEALTH OF COSMETIC SURGEON VICKY BELO REACHES SC - [ Traducir esta página ]In their petition at the Makati RTC, the Belo Medical Group said it informed Santos that even if he was a legitimate stockholder, he cannot examine the ...
www.newsflash.org/2004/02/hl/hl108253.htm - 6k - En caché - Páginas similares


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Note added at 3 hrs (2009-05-11 19:26:26 GMT)
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Saludos :))
Peer comment(s):

agree Terejimenez
1 day 23 hrs
Hola Tere! Muchas gracias y Muchos saludos :))
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