What is a share ledger?

A share ledger is one of the records that a corporation must keep. As its name suggests, it is simply a record listing information about the corporate shares. Specifically, the share ledger identifies the shareholders, indicates how many shares they own and when they took ownership, and it includes any information relating to any disposition of those shares (that is, if the shareholder sold or transferred his/her shares, it will indicate where those shares went). The purpose of the share ledger is to help ensure that corporations are complying with state and federal securities laws.