Art. 417. The following are also
considered as personal property:
(1) Obligations and actions which have for their object
movables or demandable sums; and
(2) Shares of stock of agricultural, commercial and
industrial entities, although they may have real estate.
Discussion:
It
is clearly stated here that an owner’s share of stocks in the agricultural,
commercial and industrial entities are considered personal property.
If somebody steals your car, your right to bring an action to recover the automobile is personal property by itself. This is because your object of right is an immovable. A promisory note is personal property, the right to collect it is also personal property by analogy. Even if the sole property of a corporation should consist only of a real property, a share of stock in said corporation is considered personal property.
If somebody steals your car, your right to bring an action to recover the automobile is personal property by itself. This is because your object of right is an immovable. A promisory note is personal property, the right to collect it is also personal property by analogy. Even if the sole property of a corporation should consist only of a real property, a share of stock in said corporation is considered personal property.
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