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 ?
I would congratulate all key stake holders and players for their great efforts and on this achievement, which they achieved by their sheer determination and honest struggle again under almost same unfavorable circumstances.
has rejected a request from BP plc to bear part of the expenses associated with the oil spill in the Gulf of Mexico as one of the stake holders, the British energy company said Tuesday.
A stake holder is ideal for someone like Ian as he can stop, start,increase or reduce payments with no penalties.
And although all employers with five or more staff have to offer a stake holder scheme, they donot, however,have to contribute to it, so take- up has been disappointing.
Therefore,if you have not already done so, you should now take the following action: If you have no pension arrangements in place you should immediately seek advice from an independent financial adviser to designate a stake holder pension scheme for your employees.
In the year 2015, 16 and 17 and also this year of 2018 capacity building as training and awareness workshops were organized on various environmental and human health issues including the hazardous affects of the use of plastic bags on the human life, solid waste management and other identical issues to raise awareness among the masses besides to remind other stake holder public and private-sector institutions responsible of maintaining the population-free environment through their acts and deeds in line with prevailing law for prevention of environmental pollution, he added.
Stakeholder pensions, designed to encourage more people to save for retirement, have so far failed to attract as many people as the Government hoped, and many of those who did move their money into a stake holder planhavenow seen much of their investment wiped out by falls of up to40pcin the stock market.
Stakeholder pensions,designed to encourage more people to save for retirement,have so far failed to attract as many people as the Government hoped, and many of those who did move their money into a stake holder plan have now seen much of their investment wiped out by falls of up to 40pc in the stock market.
'All stake holders should come forward and play their role for the revival of glorious past,' he said.
Wahab said that I am very much hopeful that all political stake holders will be attend this conference.
After this meeting we will start work in making of contents of the uniform curriculum in which all stake holders would participate, he said.
Tenders are invited for Content preparation, Designing and printing of 5000copies of "mana amaravati news letter" (bi monthly) anddistributing the copies to the stake holders of apcrda