Difference between revisions of "Beneficiary"
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| − | A '''Beneficiary''' is a holder of only [[Investor Shares]] | + | A '''Beneficiary''' is a holder of only [[Investor Shares]] at the time of incorporation, or an identifiable group of people defined in the [[Company Objects]] as the principal beneficiary of the organisation's provision of goods and services. It is also a company, charity or society listed in Clause/Article 54 as a beneficiary of the community dividend. |
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Return to the [[FairShares Glossary]] | Return to the [[FairShares Glossary]] | ||
Latest revision as of 10:25, 3 February 2021
A Beneficiary is a holder of only Investor Shares at the time of incorporation, or an identifiable group of people defined in the Company Objects as the principal beneficiary of the organisation's provision of goods and services. It is also a company, charity or society listed in Clause/Article 54 as a beneficiary of the community dividend.
Return to the FairShares Glossary
