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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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Stakeholding was a key concept for envisioning New Labour's commitment to social justice.
We should endeavour to take it beyond being a forum for political dialogue only, make it reach out to the people of member states and create wider stakeholding amongst economic partners and civil society," said Ansari.
US officials may be keen to increase intelligence cooperation with Syria, although its stakeholding in Lebanon through Shia militant group Hezbollah is likely to prove a long-term impediment to better ties.
Whether expressed in the language of corporate social responsibility (CSR) or stakeholding, the triple bottom line or corporate citizenship, conventional approaches typically identify extraneous responsibilities that businesses allegedly owe to others; fulfilling such "social responsibilities" is what constitutes conventional business ethics.
This stakeholding, decided during ASICOM's board of directors in January 2009, is amounted at DZD60 millions, the equivalent of 32% of capital of the company, in addition to a DZD70 million loan refundable over five years, Bouzred explained in an interview with APS.AaAa
CSH provides three ways of surfacing the difference between value judgements amongst stakeholders: (i) contrasting 'ought' with 'is', (ii) contrasting 'involved' with 'affected' and (iii) contrasting perceived stakes with stakeholding development from each stakeholder perspective.
In the light of this critique, they suggest that much of the "knowledge" of special education is misconceived, and they proceed to advance a rationale for inclusion out of ideas about stakeholding, social justice, and human rights.
The partners and directors constitute the senior stakeholding group in the firm and our new structure will allow all of those people to take a more active role in developing the business."
The club's former vice-chairman David Dein has announced he is to sell his 14.58% stakeholding to a company called Red and White which is jointly-owned by Russian billionaire Alisher Usmanov and London-based investor Farhad Moshiri.
The notion of "stakeholding" was frequently bandied about in political debates in Britain in the 1990s.
"This majority stakeholding in SUPOR will dramatically boost SUPOR and Groupe SEB's growth on the Chinese market and on the international markets.
Coverage includes discussion of the background to current understandings of language program evaluation; seven evaluation case studies examining issues such as language across the curriculum, the native speaker teacher, the primary language curriculum, evaluation for quality management, and stakeholding; and evaluation practice and research, including large-scale, teacher-led, and management-led evaluations.