Practice question
A company owns extensive land and immovable factory structures. A shareholder argues that each share of stock is therefore itself immovable property. Which is correct?
- Corporate land ownership transforms all shares into land
- Article 417 expressly treats shares as personal property even if the entity owns real estate
- Every share is an easement over the factory
- The shareholder owns each machine directly
- Classification depends only on the company’s name
Legal references
- Civil Code, Articles407-413 and415: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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