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The person holding the shares is known as the pledgor. The person in whose favour the shares are pledged is known as the pledgee. For example, Ishita holds 100 TCS shares. She wants to take a Rs.
Under the California General Corporation Law, a shareholder whose shares are pledged is entitled to vote those shares until the shares have been transferred into the name of the pledgee.
In this arrangement, a shareholder, known as the pledgor, offers their shares to a lender, or the pledgee, as security for a loan or credit. Despite using the shares as collateral, the ownership ...
KVP account can be pledged or transferred as security, on an application made by the depositor in Form-4 supported with acceptance letter from the pledgee Small savings schemes accounts can be ...