In whose name does a corporation hold title to real property?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

A corporation holds title to real property in the name of the corporation itself, often represented through its charter. The charter is the foundational document that establishes the corporation as a legal entity, and as such, it has the authority to own property and enter into contracts. This legal entity status provides the corporation with a separate identity from its owners (shareholders) and management (board of directors), allowing it to hold title independently.

The role of shareholders is primarily to invest in and potentially direct the company but they do not directly hold title to property. Similarly, the board of directors manages the corporation's affairs but does so on behalf of the corporation, rather than in their personal capacities. The president of the corporation may have the authority to act on behalf of the corporation but does not personally hold title to property in that role either. Therefore, the correct answer highlights the corporate structure in which the title to real property is held in its own name as dictated by the corporate charter.

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