“Each investor-owner receives a share (or stock)—a certification of ownership in proportion to the amount he has invested in the total capital of the company. It is easy for new capital to be attracted through the issuance of new shares. It is also easier for any owner to withdraw his capital from the firm.” – Murray Rothbard (pp. 429-431) on the joint-stock company
If you remove the ability to buy or sell something, you remove ownership.
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