Which one of the following statements is correct?

(A)The liability of each stockholder is limited to the dollar amount of that stockholder's ownership interest.

(B) Day-to-day decisions about corporate activity are made by a board of directors.

(C)A stockholder who sells his stock disrupts the legal existence of the corporation.

(D)Corporations are formed under federal law.

(E) A corporation must have at least two owners.