Stocks

Stocks. A. General. 1. Shares of stocks represent ownership in a business corporation. The term “stock” includes: a) Preferred stock, b) Warrants and rights; and c) Options to purchase stock: B. Treatment. 1. To determine value: a) Absent evidence to the contrary, assume each owner of a stock owns an equal share of stock; and b) Can sell the stock at will, at current value. 1) Broker fees do not reduce the value that stocks have as a resource. 2. Ownership is determined using the stock certificate or most recent account statement (including dividend account) from the brokerage firm that issued or is holding the stock.