<Table> <Tr> <Td> </Td> <Td> It has been suggested that this article be merged into Beneficial ownership . (Discuss) Proposed since July 2018 . </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> It has been suggested that this article be merged into Beneficial ownership . (Discuss) Proposed since July 2018 . </Td> </Tr> <P> Beneficial owner is a legal term where specific property rights ("use and title") in equity belong to a person even though legal title of the property belongs to another person . Black's Law Dictionary (2nd Pocket ed. 2001 pg. 508). This often relates where the legal title owner has implied trustee duties to the beneficial owner . </P> <P> Under United States copyright law, an author may transfer some rights to the copyright owner (often an employer) while retaining a future "reversionary interest," such as that of copyright renewal . For example, "(t) he legal or beneficial owner of an exclusive right under a copyright...to institute an action for any infringement of that particular right committed while he or she is the owner of it ." 17 U.S.C. § 501 (b) </P>

Who is considered a beneficial owner of an account