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| In ] ], a '''stock certificate''' (also known as ''certificate of stock'') is a legal document that certifies legal ] of a specific number of ]s in a ]. Note that in large corporation, buying shares does not always lead to a stock certificate (in a case of a small number of shares purchased by a ], for instance). | In ] ], a '''stock certificate''' (also known as ''certificate of stock'') is a legal document that certifies legal ] of a specific number of ]s in a ]. Note that in large corporation, buying shares does not always lead to a stock certificate (in a case of a small number of shares purchased by a ], for instance). | ||
| Usually (but not always, and the legislation depends on the country as well on clauses defined by the corporation itself), only ]s with stock certificates can vote in a shareholders' general meeting. | Usually (but not always, and the legislation depends on the country as well on clauses defined by the corporation itself), only ]s with stock certificates can vote in a shareholders' general meeting. Sometimes, though, a shareholder with a stock certificate can give a proxy to another person to allow them to vote the shares in question. | ||
| {{law-stub}} | {{law-stub}} | ||
Revision as of 17:47, 18 July 2006
In corporate law, a stock certificate (also known as certificate of stock) is a legal document that certifies legal ownership of a specific number of stock shares in a corporation. Note that in large corporation, buying shares does not always lead to a stock certificate (in a case of a small number of shares purchased by a private individual, for instance).
Usually (but not always, and the legislation depends on the country as well on clauses defined by the corporation itself), only shareholders with stock certificates can vote in a shareholders' general meeting. Sometimes, though, a shareholder with a stock certificate can give a proxy to another person to allow them to vote the shares in question.
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