Stock Assessment Law and Legal Definition

Under different context the term stock assessment has different meanings. Generally, it is the evaluation of corporate stock for taxation. It is also a method of enforcing the superadded liability of a stockholder in bank or other corporation. Under corporate law, it is the demand or request made of stockholders or of subscribers to corporate stock for contribution proportionate in amount to the number of shares held or subscribed for to replace a loss of capital. Stock assessments also provide fisheries managers with the information that is used in the regulation of a fish stock. In fisheries, it is the process of collecting and analyzing biological and statistical information to determine the changes in the abundance of fishery stocks in response to fishing, and, to the extent possible, to predict future trends of stock abundance.