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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 ?
Stakeholder analysis and consultation plan: Who is affected by the project, and who has an interest that can influence outcomes?
Stakeholder Relations will be a part of the company's Chief Administrative Office, led by Hope Hardison.
Either by choice and leadership or through interventions, the performance variance within the profession will shrink, transparency will increase, and the negative stakeholder voices will join to become a single positive declaration of success.
These facts, although relative to one team, suggest that some of the people with interests in soccer clubs consider that their demands are not met and also that the soccer clubs, apparentely, do not have an appropriate stakeholder management.
By the tools of regulation, human resources, research and supply and demand these stakeholder groups are influencing tourism development in so many different ways.
Stakeholder theory suggests that "managing for stakeholders" involves attending to the interests and well being of these stakeholders, at a minimum (Harrison, Bosse & Phillips, 2010).
First, there is the need to define what a stakeholder is, which is largely left to the discretion of the PM.
Stakeholder Circle Methodology seems most effective for the sphere of marketing communication and establishment of pertinent target segments because its proceeding can effectively be applied to commercial as well as noncommercial organizations.
It highlighted that engagement with the CCG was done well, that the CCG listens to the views of stakeholders and feedbacks to stakeholders at ps G well and it was noted thathe working relationshipwith stakeholders and CCGwere very good.
Integrating theory across such subfields as the study of interest groups in American government and the study of non-governmental organizations in global environmental politics, the volume provides a review of stakeholder and policy theories and analyzes the possibilities for a collaborative relationship between stakeholders and the policy process.
Ackoff afirmou que muitos problemas sociais podem ser solucionados pelo redesenho dos fundamentos das instituicoes com o suporte e a interacao do stakeholder no sistema.
Research on stakeholder prioritization has been carried out for a long time.