Because stock is intangible personal property,a stockholder's ownership of the stock

Question

Quizplus · Accepted Answer

A stockholder's ownership of the stock exists independently of the stock certificate itself. The certificate merely serves as physical evidence of ownership, but it is not necessary for ownership to exist. The ownership is recorded in the company's books and can be transferred electronically without the need for physical transfer of the certificate.

Because Stock Is Intangible Personal Property,a Stockholder's Ownership of the Stock