Stock Corporation Law and Legal Definition
Stock Corporation is a corporation in which the capital is contributed by the shareholders and divided into shares represented by certificates. This allows for the ownership of the corporation to be readily determined because shares are property and are transferable as any other property such as money, subject to conditions imposed, if any. The owner of the shares of a corporation is a stockholder. If a stockholder owns at least 50% of a corporation's voting shares, plus one share, they have a controlling interest in the corporation, as they possess more votes than all other owners combined.
Legal Definition list
Related Legal Terms
- 19c3 Stock
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adjustable Rate Preferred Stock
- Alaska Native Corporation
- Amended and Restated Articles of Incorporation
- American Municipal Bond Assurance Corporation
- American Stock Exchange AMEX
- Ancillary Corporation
- Anticipation Stock
