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In this episode of "Ninja Vlogger Law for the Everyday Layman," the discussion on shares of stock continues from the previous episode. The host emphasizes that the content is for educational purposes only and should not replace proper legal advice. Last episode covered the nature and classifications of shares of stock. Shares of stock are identified as distinct property that differs from a corporation's tangible assets. Ownership of shares belongs to individual stockholders, while the corporation retains ownership of its capital property, highlighting the separate legal identity of the corporation and its shareholders. Stocks are described as incorporeal, meaning they are intangible assets.