Property Ownership
In Ohio, property owned by a corporation is held in:
AJoint tenancy by all shareholders
BFee simple by the corporation as a legal entity separate from its shareholders✓ Correct
CTenancy in common by the officers
DLife estate for the duration of the corporate charter
Explanation
A corporation is a legal entity separate from its shareholders. It can own real property in fee simple in its own name, and that property is not the personal property of the shareholders.
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