Legal Definition and Related Resources of Certificate Of Stock
Meaning of Certificate Of Stock
A written acknowledgment by a corporation of the interest of the stockholder in its property and franchises. It has no value except that derived from the company issuing same and its legal status in the nature of a chose in action . The vai ae of all property owned by a corporation, including its franchise , is the value of all its stock . Rhode Island Hospital trust Co. v Doughton, 121 S.E. 741, 187 N.C. 263.
Certificate Of Stock Alternative Definition
A certificate that a person named is the owner of a specified number of shares of stock in a corporation.
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Certificate Of Stock in Historical Law
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This definition of Certificate Of Stock is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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