In the strict sense of the term, a “shareholder” is a person who has agreed to become a member of a corporation or company, and with respect to whom all the requiredformalities have been gone through ; e. settlement,registration, or the like. A shareholder by estoppel is a person who has acted aud been treated as a shareholder, and consequently has the same liabilities as if he were an ordinary shareholder.Law Dictionary: What is SHAREHOLDER? definition of SHAREHOLDER
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