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A trust for a minor can own stock, but a minor cannot. Someone can own an account or stock in trust for the minor.
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∙ 15y ago
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Can a minor own stock and receive dividends on the stock?
Yes. Under uniform gifts to minors act (UGMA) an adult custodian opens account for minor and all gains are taxed under minor's rate. Minor owns account at age of majority for his state or when specified by custodian depending on rules established at time of gift.
Is there an age limit to own shares?
A minor would have to have their parent/guardian open a brokerage account for them before they could buy stock. To hold it in their own name, they have to be at least 18 years old.
Can a minor legally own property in Utah?
A minor cannot own real property. It could be held in a trust for the minor.
How much stock does gm own?
GM does not own any stock in Toyota.
How much Toyota stock does GM own?
GM does not own any stock in Toyota.
Does the government own the stock markets?
The government in the US at least does not own the stock market.
When you buy stocks through a brokerage house do you always own the stock or does the brokerage house own the stock?
You own the stock in your account - it is held on your behalf by your brokerage firm
How do you get minor pets in the sims 3 pets?
You need to buy the enclosure and then click it and it will say stock and you simply stock it!
If a stock is taken off the stock exchange what becomes of the stock people own?
GARBAGE!
Can a minor own property in Oregon?
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
What percentage of US citizens own a stock?
Almost half, 47%, of US citizens own a stock in the stock market. 53% have no money invested in stocks.
Who are the shareholders of a corporation?
The people who buy stock and own the company.
