Stakeholder

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stakeholder

n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property. The stakeholder has a duty to deliver to the owner or owners the money or assets once the right to legal possession is established by judgment or agreement. (See: escrow)

STAKEHOLDER, contracts. A third person, chosen by two or more persons, to keep in deposit property, the right or possession of which is contested between them and to be delivered to the one who shall establish his right to it. Thus each of them is considered as depositing the whole thing. This distinguishes this contract from that which takes place when two or more tenants in common deposit a thing with a bailee. Domat, Lois Civ. liv. 1, t. 7, s. 4; 1 Vern. R. 44, n. 1.
     2. A person having in his hands money or other property claimed by several others, is considered in equity as a stakeholder. 1 Vern. R. 144.
     3. The duties of a stakeholder are to deliver the thing holden by him to the person entitled to it on demand. It is frequently questionable who is entitled to it. In case of an unlawful wager, although be may be justified for delivering the thing to the winner, by the express or implied consent of the loser; 8, John. 147; yet if before the event has happened he has been required by either party to give up the thing deposited with him by such party, he is bound so to deliver it; 3 Taunt. 377; 4 Taunt. 492; or if, after the event has happened, the losing party give notice to the stakeholder not to pay the winner, a payment made to him afterwards will be made in his own wrong, and the party who deposited the money or thing may recover it from the stakeholder. 16 S. & R. 147; 7 T. R. 536; 8 T. R. 575; 4 Taunt. 474; 2 Marsh. 542. See 3 Penna. R. 468; 4 John. 426; 5 Wend. 250; 2 P. A. Browne, 182; 1 Bailey, 486, 503. See Wagers.

References in periodicals archive ?
It is therefore only this third, entitlement, sense of stakeholding that will be considered and criticized here.
They have grounded the book in a solid theoretical discussion of different perspectives on the issue of stakeholding and on interesting historical information about the origins on this idea.
Stakeholding because we all have an interest in our farming systems and the food we eat.
Brierley Investments Ltd hopes to sell its stakeholding in Air New Zealand to Singapore Airlines (SIA), according to the investment company's chief executive, Greg Terry.
Strategies for achieving this include using an existing Community Development Association to bring together influential and stakeholding groups, and scheduling stakeholder meetings, a retreat, and a public presentation.
So far, stakeholding has been used mostly in an advisory capacity.
It enables owners to set valuation criteria within market-facing parameters, empower management and divest a substantial proportion of your stakeholding tax effectively while redefining your role and dayto-day involvement if appropriate.
Sport Capital is on the verge of acquiring a minimum 75% staKeholding and counts among its number Andrew Flowers, the managing director of the club's main sponsor Enterprise Insurance and a lifelong Leeds fan.
Singapore's Fullerton Financial Holdings has acquired a 45% stakeholding in a new fully licensed commercial bank in Cambodia.
That, in effect, means they call all the shots in regard to any future sale of Blues (BIHL have 96 per cent of the club) and can crush any further disquiet among shareholders by buying their stakeholding.
I don't think it's going to go under if Etihad increases their stakeholding.
These changes of board directors remain subject to the completion of the sale of Wendel's stakeholding in Stallergenes to Ares Life Sciences.