Restore quote in the Nominee Agreement

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How to Restore quote in the Nominee Agreement

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im brittany lewis with forbes breaking news in wednesdays senate judiciary committee hearing senator john kennedy questioned salvador mendoza jr the nominee to be united states circuit judge for the 9th circuit the louisiana senator confronted mendoza about a 26-year-old law school article in which he wrote about race as a quote socially constructed phenomenon mendoza spoke about his history in law since writing the article and explained lets watch the interchange let me ask you judge mendoza one question ive only got a little bit of time left look you wrote a a larvae article back in law school and i dont hold that against you you know when i was in law school uh we all did things when we were young that you know it seemed like a good idea at the time okay but but you may if i got this wrong tell me but you made one statement i was looking at your your uh your piece i think this came from your article heres im gonna read you the quote and i just didnt understand it one heres

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What is a nominee shareholder agreement?

A nominee shareholder is a shareholder only in name. They are the registered owner of shares in that their name appears on the public register of members. But they do not stand to benefit from it.

How does a nominee shareholder work?

A nominee shareholder may be an individual or a body corporate. Brokers adopt the practice of creating a company to act as a nominee shareholder to ease the administration of buying and selling holdings on behalf of their clients. For further guidance, see Practice note, Membership of a company.

How do you terminate a nominee agreement?

Either party to this Agreement may terminate the Agreement without cause by giving the other party at least thirty (30) days written notice of its intention to terminate. This Agreement will terminate automatically in the event of its assignment (as defined in the 1940 Act).

What is the object of a nominee agreement?

A nominee agreement is an agreement where one person agrees to act on behalf of another person in certain legal matters. A nominee agreement is like a power of attorney but may be broader in scope. A nominee may receive a payment for services or may agree to conduct the affairs of without charge.

What is a nomination clause?

A nomination clause is to be distinguished from a novation of the agreement as it is restricted in being a right for the benefiting party to direct a transfer to the nominee. A nomination clause does not result in the nominee becoming a party to the contract. Consequently, the nominee can reject the nomination.

What does nominee mean in agreement?

nominee. n. 1) a person or entity who is requested or named to act for another, such as an agent or trustee. 2) a potential successor to anothers rights under a contract.

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