Shares in trust

Updated: Aug 20, 2021

Shares held in trust for another person are usually registered in the name of the trustees, who have full power to deal with them subject to the provisions of the trust deed. As no indication of the trust can appear in the company’s share register, the company cannot prevent wrongful dealing by the trustees, but notice in lieu of distringas.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
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James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.