How do corporations hold their estates?

Corporations hold their estates in severalty. This means that the corporation itself owns the property independently of the individual shareholders or members. When a corporation acquires property, the title is held in the name of the corporation, allowing it to manage, sell, or encumber the property without the need for shareholder approval, as long as it adheres to corporate governance rules.

This form of ownership is distinct and clear, separating the corporation's assets from those of its owners, which is crucial for liability and financial reasons. If a corporation faces legal challenges or debts, its properties are not at risk of being claimed by creditors of any individual shareholder, ensuring a layer of protection for both the corporation and its owners.

In contrast, other forms of property ownership such as trust, partnership, and community property involve shared ownership or designated management by others, which does not apply to how corporations hold their estates. Trusts involve an arrangement where property is held for the benefit of another, while partnerships and community property indicate shared ownership among individuals.