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.