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STOCKHOLDER Definition & Legal Meaning

Definition & Citations:

A person who owns shares of stock in a corporation or joint- stock company. See Mills v. Stewart, 41 N. Y. 3S0; Boss v. Knapp, etc., Co., 77 111. App. 424; Corwith v. Culver, 09 111. 502; Ilirsli- feld v. Bopp, 145 N. Y. 84, 39 N. E. 817; State v. Ilood, 15 Bich. Law (S. C.) 1S6. The owners of shares in a corporation which has a capital stock are called “stock- holders.” If a corporation has no capital stock, the corporators and their successors are called “members.” Civ. Code Dak.


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