Q: Do shareholders have rights (as a individual would have) on properties owned by the company in Maryland?
For example, a company purchases and owns a 200 acre property, does every shareholder of this company have the right to use the property, just like if an individual owns it? Will they be considered as owners of the land to camp, hunt, fish and other outdoor activities on the land?
It is greatly appreciated if any specific legislation or regulation can be suggested to refer to.
A: A corporation is like a separate person. The fact that you have rights in the person does not give you rights in its property. Those rights are defined by corporate law, the articles of incorporation, the bylaws, and any applicable contracts
Cedulie Renee Laumann agrees with this answer
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