The ownership right to stock exists independently of a stock certificate.

Name: The ownership right to stock exists independently of a stock certificate.
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Question

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The ownership of a stock exists independently of a physical stock certificate as it is recorded electronically in the company's records, the records of the transfer agent, and the brokerage firm's records. Even if a stock certificate is lost or destroyed, the ownership right still remains with the shareholder.

The Ownership Right to Stock Exists Independently of a Stock