the owner of one or more shares of stock in a corporation, commonly also called
a "stockholder. " The benefits of being a shareholder include receiving dividends
for each share as determined by the board of directors, the right to vote (except
for certain preferred shares) for members of the board of directors, to bring a
derivative action (lawsuit) if the corporation is poorly managed, and to participate
in the division of value of assets upon dissolution and winding up of the corporation,
if there is any value. A shareholder should have his/her name registered with the
corporation, but may hold a stock certificate which has been signed over to him/her.
Before registration the new shareholder may not be able to cast votes represented
by the shares.
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