The Law Dictionary

DUMMY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A strawman, a middleman. … [Read more...]

DUMMY CORPORATION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A corporation which has no true purpose other than to serve as a dummy or placeholder for some other entity. … [Read more...]

DUMMY DIRECTOR

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The director of a corporation that has no real interest in running the corporation, acts out the directives of others and serves merely as a figurehead. … [Read more...]

DUMMY SHAREHOLDER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The named holder of shares of stock who holds them on behalf of the actual owner. … [Read more...]

DUMP BUYBACK

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Where the owners of a failing business create a new entity and attempt to buy out the assets of the failing business at a significantly lower cost either in bankruptcy or during a liquidation phase. … [Read more...]

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