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S.A. (corporation)

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File:Banque de Montreux 1900.jpg
Share of the Banque de Montreux, issued 20 November 1900. Sociétés anonymes were common in Switzerland at this time.

The abbreviation S.A. or SATemplate:Efn designates a type of limited company in certain countries, most of which have a Romance language as their official language and operate a derivative of the 1804, Napoleonic, civil law.<ref>Template:Cite web</ref> Originally, shareholders could be anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were paid to whomever held the certificate. Since share certificates could be transferred privately, corporate management would not necessarily know who owned its shares – nor did anyone but the holders.

As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company to obscure the beneficiary.

Variations

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Abbreviation

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S.A. can be an abbreviation of:

"SA" is part of the name of lots of corporations named after an acronym: some examples are Cepsa, originally Template:Lang, "Spanish petroleum company, S.A.";<ref name="Escolar">Template:Cite news</ref> Sabena, originally Template:Lang, "Belgian S.A. of exploitation of air navigation".

Literal meaning

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It is equivalent in literal meaning and function to:

Function

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It is equivalent in function to:

See also

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References

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