Legal Question in Business Law in Rhode Island
Can a corporation own stock in another public company?
Is it possible for a corporation, one that is or is not openly traded, hold stock in another company?
Asked on 2/12/05, 4:22 pm
1 Answer from Attorneys
Staff General Counsel
LawyersCollaborative
Re: Can a corporation own stock in another public company?
Unless specifically prohibited in the corporation's formation documents (Bylaws, Articles of Incorporation), a corporation, publicly traded or not, generally may own stock in any company, publicly traded or not.
Scott Summer
www.montsum.com
Answered on 2/13/05, 7:02 pm
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