shares
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 70 U.S. 573 - Van Allen v. The Assessors · 1865Most cited · 320 citing opinions
The interest of the shareholder entitles him to participate in the net profits earned by the bank in the employment of its capital, during the existence of its charter, in proportion to the number of his shares; and, upon its dissolution or termination, to his proportion of the property that may remain of the corporation after the payment of its debts. This is a distinct independent interest or property, held by the shareholder like any other property that may belong to him.
United States Code
26 U.S.C. § 857 — for purposes of this title
As used in this subparagraph, the terms “shares” and “shareholders” shall include beneficial interests and holders of beneficial interests, respectively.