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.