Asked by arielis reyes on Jul 15, 2024

verifed

Verified

Title to corporate property belongs to the shareholders.

Title

Title refers to the legal right to own something, especially land or property, evidenced by a document recorded by a public office.

Corporate Property

Assets owned by a corporation, including physical goods, intellectual property, and financial assets.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, thus having a financial stake and certain rights in the company.

  • Identify the statutory obligations and repercussions associated with corporate bylaws, assets, and liabilities.
verifed

Verified Answer

SB
Sujan BhandariJul 22, 2024
Final Answer :
False
Explanation :
Title to corporate property legally belongs to the corporation itself, which is a separate legal entity from its shareholders.