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

question 20

Multiple Choice

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

• A)exists independently of the stock certificate itself.
• B)cannot exist without a tangible stock certificate.
• C)cannot exist without the original stock certificate
• D)cannot be transferred to another person.

---

Definitions:

Individual Retirement Account

A financial tool for individuals to save for retirement in a tax-advantaged way.

Unsecured Creditors

Creditors who have extended credit without securing collateral, putting them at greater risk if the borrower defaults.

Federal Bankruptcy Exemptions

Legal provisions that allow individuals filing for bankruptcy to retain certain assets and properties from creditor claims under federal law.

Motor Vehicle Exemption

A provision in bankruptcy law that allows an individual to keep a vehicle up to a certain value as exempt from seizure by creditors.