Civil Code (Cap. 16), article 315

315. The following things are movables by regulation of law: (a) shares or interests in commercial or industrial companies, even if immovable property is owned by such companies; in which latter case such shares or interests shall be deemed to be movables with respect to each shareholder and only as long as the company lasts; (b) life or perpetual annuiti es, including capitals for annuities ad formam bullae and debts due for interest on capitals invested in the fund formerly existing under the name of Massa Frumentaria , provided such perpetual annuities, capital s and debts are not subject to entail; (c) generally, all obligations, actions, even if hypothecary, and rights not considered immovable under the provisions of the last preceding sub-title. Definition of “movable property or things”, “movable effects” or “movable substance”.