What characterizes a corporation that is open to any person wishing to become a stockholder?

A corporation that is open to any person wishing to become a stockholder is characterized as an open corporation. This type of corporation allows public participation in its stock ownership, which means that shares can be bought or sold freely among individuals. Open corporations often have numerous shareholders and may trade their stock on public exchanges, thus facilitating greater access to capital and ownership.

In contrast, a domestic corporation operates within the jurisdiction where it is incorporated, while a foreign corporation is established in one jurisdiction but operates in another. A close corporation, on the other hand, limits its number of shareholders and typically does not allow public trading of its shares, which restricts ownership to a select group of individuals. Therefore, the defining feature of an open corporation is its inclusivity regarding ownership, which sets it apart from these other types of corporations.