Share A unit of stock representing ownership of a corporation. The number of shares owned by a particular shareholder are represented by a share certificate. A corporate document which certifies that the person named on the certificate is entitled to ownership of a certain number of shares of the corporation. The act of a shareholder acquiring shares of a corporation. Shareholder A person who owns shares of a corporation.
Shareholders are the owners of corporations.
Shareholder Agreement A contract between the all or a portion of the shareholders of a corporation, which sets out their mutual rights and obligations. Shareholder agreements are highly recommended for corporations with more than one shareholder. An officer of the corporation who is authorized to sign documents on behalf of the corporation, and who can legally bind the corporation. A business in which one person owns all assets and is personally responsible for all liabilities. The process of settling the accounts and liquidating the assets of a corporation for the purpose of distributing the net assets to shareholders and dissolving the corporation.