What is DUMMY DIRECTOR? Definition of DUMMY DIRECTOR in Black's Law Dictionary – Legal dictionary – Glossary of legal terms.
One to whom (usually) a single share of stock in a corporation is transfer 591 DUMP red for the purpose of qualifying him as a director of the corporation, in which he has no real or active interest. Ashby v. Peters, 128 Neb. 338, 258 N.W. 639, 99 A.L.R. 843. One who is a mere figure head and in effect discharges no duties. Golden Rod Mining Co. v. Bukvich, 108 Mont. 569, 92 P. 2d 316, 319.
That's the definition of DUMMY DIRECTOR in Black's Law Dictionary – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.