Glossary entry (derived from question below)
Italian term or phrase:
Nudi Proprietari
English translation:
Beneficial Owners
Added to glossary by
Peter Cox
Apr 10, 2008 11:19
16 yrs ago
2 viewers *
Italian term
Nudi Proprietari
Italian to English
Bus/Financial
Investment / Securities
company codes
3,516% di cui 1,907% Azioni in Piena Proprietà e 1,609% Azioni in Usufrutto (Nudi Proprietari)
Does this mean nominee shareholders?
Does this mean nominee shareholders?
Proposed translations
(English)
Proposed translations
1 day 11 hrs
Selected
Beneficial Owners
This is really a General Law question.
The shares could be held by trustees in usufruct - i.e. on trust - as nominees who may be the beneficiaries entitled to receive the dividend on behalf of the ben. owners who are the ultimate, de facto owners to whom the shares revert at the end of the nomineeship or trusteeship.
Bare owners or ownership are general terms used in equity & trust, not necessarily of co. shares.
In probate and succession: remaindermen - see Garzanti.
In leasehold land, reversioners or reversionary owners.
The shares could be held by trustees in usufruct - i.e. on trust - as nominees who may be the beneficiaries entitled to receive the dividend on behalf of the ben. owners who are the ultimate, de facto owners to whom the shares revert at the end of the nomineeship or trusteeship.
Bare owners or ownership are general terms used in equity & trust, not necessarily of co. shares.
In probate and succession: remaindermen - see Garzanti.
In leasehold land, reversioners or reversionary owners.
Example sentence:
Beneficial Owner — The actual owner of the securities as opposed to the custodian or broker in whose name the shares may be registered. ...
beneficial owner - definition of beneficial owner - The individual who enjoys the benefits of owning a security or property, regardless of whose name the ...
4 KudoZ points awarded for this answer.
Comment: "I have relied on your legal background! Thanks to all"
+1
19 mins
bare ownership
check IATE
32 mins
Mary Carroll Richer LaFlèche
Italy
Italy
Native in English
Italy
work, work, work!!
Native in: English 
, French
Works in: Italian to English, Italian to French, French to English, and 3 more.
holder of a residual life estate
see link,xx
16 mins
Silvestro De Falco
Native in Italian
&
English
Specializes in field
Business is my Business
Native in: English , Italian
Works in: Italian to English, English to Italian
Naked owners
This is a civil law concept: check this llink out. It has to do with usufruct.
http://www.meocpa.com/usufruct.html.
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Note added at 5 ore (2008-04-10 17:05:56 GMT)
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The link I provided does not seem to work. Anyway it relates to usufruct in Louisiana (U.S.) and this is what it has to sau about shares:
Since the usufruct is a legal right granted by one person to another, that right can be according to almost any terms the parties agree to. For instance, it could be for a stated term, covering only certain stated properties, it could be set to terminate if certain conditions are met, such as marriage of a child or remarriage of a spouse, it can be granted to several people to share jointly, and it can be given to one person for a period of time and to another after some stated event occurs.
As it relates to corporate stock, the usufructuary has the right to collect and spend the cash dividends and to vote the shares of stock. Since stock dividends are only an adjustment to the total number of shares, stock dividends belong to the naked owner.
http://www.meocpa.com/usufruct.html.
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Note added at 5 ore (2008-04-10 17:05:56 GMT)
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The link I provided does not seem to work. Anyway it relates to usufruct in Louisiana (U.S.) and this is what it has to sau about shares:
Since the usufruct is a legal right granted by one person to another, that right can be according to almost any terms the parties agree to. For instance, it could be for a stated term, covering only certain stated properties, it could be set to terminate if certain conditions are met, such as marriage of a child or remarriage of a spouse, it can be granted to several people to share jointly, and it can be given to one person for a period of time and to another after some stated event occurs.
As it relates to corporate stock, the usufructuary has the right to collect and spend the cash dividends and to vote the shares of stock. Since stock dividends are only an adjustment to the total number of shares, stock dividends belong to the naked owner.
10 hrs
simon tanner
Italy
Italy
Native in English
Italy
law, philosophy & art history specialist
Native in: English
Works in: Italian to English, English
holder of property rights
as opposed to the usufructuary. For references:
http://www.google.com/search?hl=en&q="holder of property rig...
The problem here is the different concept of property in the two legal systems, so unfortunately no translation will be entirely satisfactory. You could prefix the term with 'mere', perhaps, to try and make it clear that usufruct is not included (which is the whole sense of nuda proprietà)
http://www.google.com/search?hl=en&q="holder of property rig...
The problem here is the different concept of property in the two legal systems, so unfortunately no translation will be entirely satisfactory. You could prefix the term with 'mere', perhaps, to try and make it clear that usufruct is not included (which is the whole sense of nuda proprietà)
+1
1 hr
James (Jim) Davis
Seychelles
Seychelles
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Specializes in field
Seychelles
25 years experience constantly improving
Native in: English (Variant: British) 
Works in: Italian to English
Related KudoZ points
:
80
legal title only
You can prefix it with "bare" but it is not necessary.
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Note added at 2 days14 hrs (2008-04-13 01:42:48 GMT) Post-grading
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Hi Tom and Peter,
when I answered this, I failed to read the context, which I feel is a contradiction of terms. Either you have the "nudo proprietà" or the "usufruct". You can't have both. I feel that the Italian author has got his wires crossed here. In the case of a house, usufruct is living in it and "legal title" only is name on the deed. In the case of shares, for a long time I translated "nudo proprietà" as "legal title only", where a bank held shares as a sort of collateral in a very complex deal. It had beneficial ownership and collected the dividends, but did not have the "usufruct" which in this case consisted of the voting rights and control of the company.
PDF] January 31, 2002 Re: Transfer of Legal Title in Timeshare ...Formato file: PDF/Adobe Acrobat - Versione HTML
the transfer of bare legal title only and, as such, would not result in a change in ownership of the. beneficial interest in the timeshare interval. ...
www.boe.ca.gov/proptaxes/pdf/220_0711.pdf - Pagine simili
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Note added at 2 days14 hrs (2008-04-13 01:42:48 GMT) Post-grading
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Hi Tom and Peter,
when I answered this, I failed to read the context, which I feel is a contradiction of terms. Either you have the "nudo proprietà" or the "usufruct". You can't have both. I feel that the Italian author has got his wires crossed here. In the case of a house, usufruct is living in it and "legal title" only is name on the deed. In the case of shares, for a long time I translated "nudo proprietà" as "legal title only", where a bank held shares as a sort of collateral in a very complex deal. It had beneficial ownership and collected the dividends, but did not have the "usufruct" which in this case consisted of the voting rights and control of the company.
PDF] January 31, 2002 Re: Transfer of Legal Title in Timeshare ...Formato file: PDF/Adobe Acrobat - Versione HTML
the transfer of bare legal title only and, as such, would not result in a change in ownership of the. beneficial interest in the timeshare interval. ...
www.boe.ca.gov/proptaxes/pdf/220_0711.pdf - Pagine simili
2 days 19 hrs
Silvestro De Falco
Native in Italian
&
English
Specializes in field
Business is my Business
Native in: English , Italian
Works in: Italian to English, English to Italian
You are not clear at all
Sorry
Discussion
A beneficial owner would be such also in the case of borrowed shares, i.e. I borrow shares and collect the dividends, hence I am the beneficial owner as long as I hold the shares. Usufruct is different.