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The cash itself is owned by the shareholders.
by drtz 9y ago
The cash itself is owned by the shareholders.
- dragonwriter 9y agoNo, the cash is owned by the corporation. The shareholders own the right to participate in corporate governance in the degree appropriate to the particular shares they own, and own the right to take ownership of a particular share of the net assets if and when the corporation should be dissolved. They do not, either in theory or in practice, own the assets of the corporation while it exists.