13.1-776 - Definitions. - Virginia Statutes

§ 13.1-776. Definitions.

As used in this article, unless the context otherwise requires, the term:

"Asserted shareholder" means an entity holding a certificate for one ormore shares of stock of a corporation on which it is stated to be the ownerthereof but which is not listed as a shareholder on the records of thecorporation.

"Corporation" shall have the meaning provided in § 13.1-603.

"Entity" means one or more persons, partnerships, unincorporatedassociations, corporations or other organizations entitled to hold propertyin its own name.

"Lost shareholder" means a shareholder shown by the records of acorporation to have been a shareholder for more than seven years but who,throughout that period, neither claimed a dividend or other sum norcorresponded in writing with the corporation or otherwise indicated aninterest as evidenced by a memorandum or other record on file with thecorporation and the corporation does not know the location of the shareholderat the end of such seven-year period.

"Shareholder" means an entity shown by the records of a corporation to bethe owner of one or more shares of its outstanding capital stock.

(Code 1950, § 13.1-156; 1979, c. 90; 1983, c. 190; 1985, c. 522; 2005, c.765.)