Shareholder Communications Improvement Act

(redirected from Shareholder Communications Improvement Act of 1989)

Shareholder Communications Improvement Act

Legislation in the United States, passed in 1989, requiring investment companies holding proxy powers on behalf of beneficial owners to provide proxy statements and other information to the appropriate parties.
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Shareholder Communications Improvement Act

Federal legislation passed in 1990 that requires banks and brokers holding shares for beneficial owners to forward proxy and information statements received from investment companies.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.