2007-04-16 05:27:58 · 7 answers · asked by lynn 1 in Politics & Government ➔ Law & Ethics
No.
A fundamental principle of company (or corporation) law is the separate legal entity between the company and its members: Salomon v Salomon (1897). Hence, properties of company are its own, not that of members. Even if a person owns all the shares in the company, he does not own the company's property nor does have have any legal or equitable interest in them.
2007-04-16 06:08:29 · answer #1 · answered by rhys 3 · 1⤊ 1⤋
Do Shareholders Own The Company
2016-11-04 13:54:00 · answer #2 · answered by blackstock 4 · 0⤊ 0⤋
No, the company does. Only the company can sell the property, and no one shareholder or group of shareholders may sell land of the corporation. The shareholders elect directors who have the power to act on behalf of the corporation, and by a vote of the directors action may be taken.
2007-04-16 05:38:08 · answer #3 · answered by webned 6 · 0⤊ 1⤋
Share holders own any and all assets of the company. The Board sets policy and determines how all assets are to be utilized. The CEO or manager runs the organization to the Boards satisfaction.
Naturely the debit side of the leger is owned by the shareholders, too
2007-04-16 05:42:43 · answer #4 · answered by reinformer 6 · 1⤊ 2⤋
No. The shareholders own equity interest of the company. This is the shield that protect the shareholders from the liability of the company.
2007-04-16 05:34:36 · answer #5 · answered by c1523456 6 · 1⤊ 1⤋
Shareholders own everything the corporation owns...they are the ultimate owners of it....the board of directors and officers are employees they own no corproate assets unless they are also shareholders.
2007-04-16 06:27:37 · answer #6 · answered by Dr. Luv 5 · 0⤊ 1⤋
If the land is one of the company's assets, yes. Sometimes the land the company sits on doesn't belong to that company. Even big corporations sometimes rent property from another corporation.
2007-04-16 05:30:55 · answer #7 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 3⤋