Stock corporation
From Wikipedia, the free encyclopedia
A stock corporation is a for-profit corporation which the ownership of the corporation is expressed by shares of stock. This allows for the ownership of the corporation to be readily determined, as shares are property, and are transferrable as any other property such as money, subject to any conditions imposed such as restriction on resale. 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, since they have more votes than all other owners combined.
