2023-10-09 20:30
Sale of shares of stock that are not yet fully paid
In today's world, the concept of owning shares in large corporations is widespread, with many individuals having stakes in corporate entities, their ownership symbolized by shares of stock. Shares of stocks are property. Our Civil Code defines property as being 'all things which are or may be the objection of appropriation'. In turn, property may be considered either immovable (real) or movable (personal) property. (Art. 414, Civil Code) What the law refers to as immovable or real property is commonly known as land or real estate.
https://business.inquirer.net/425677/sale-of-shares-of-stock-that-are-not-yet-fully-paid
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https://business.inquirer.net/425677/sale-of-shares-of-stock-that-are-not-yet-fully-paid
#inquirer