Bearer share

Shares which do not carry the name of the owner are referred to as bearer shares. In contrast to registered shares, the company is not aware who its bearer shareholders are. The transfer of bearer shares can be accomplished via a securities exchange or physically and the holder acquires the membership and asset rights vis-à-vis the company. Banks that know the name and address of bearer shareholders forward to them the invitation to the annual general meeting and receive dividend payments for the account of the given shareholder.

See alsoShareRegistered share