Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. A sale as defined in 59-12-102(10) does take place in the transfer of a vehicle from a corporation to a shareholder in exchange for shares of capital stock.Capital stock, also known as authorized stock, refers to all common stock and preferred stock a corporation is legally allowed to issue. 451 S State St, Room 304. How property is divided in a divorce. Utah law requires an equitable division of marital property. A tax on profits from the sale of securities or other assets. Capital Loss, A decrease in the value of an investment or capital asset from its purchase price. Salt Lake City, often shortened to Salt Lake or SLC, is the capital and most populous city of the U.S. state of Utah. By definition, debt grows linearly.