incorporeal property – a property interest in a legal right, having no physical (tangible) existence, but recognized at law

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incorporeal property:
(18c)

1. An in rem proprietary right that is not classified as corporeal property.  *  Incorporeal property is traditionally broken  down into two classes:

(1) jura in re aliena (encumbrances), whether over material or immaterial things, examples being leases, mortgages and servitudes; and
(2) jura in re propria (full ownership) over immaterial things such as a patent, copyright, or trademark.

2. A legal right in property having no physical existence.  *  Patent rights, for example, are incorporeal property. — aka incorporeal chattel; incorporeal thing. [1]

1. Property that has no corporeal tangible substance. Transcontinental Oil Co. v Emmerson, 298 Ill 394, 131 NE 645, 16 ALR 507.

Intangibles without the substance of a body, but sometimes issuing out of corporeal property, which the law gives effect to as property by attaching to them certain sanctions enforceable in the courts. Curry v McCanless, 307 US 357, 83 L Ed 1339, 59 5 Ct 900, 123 ALR 162.
     See chose in action; intangible; intangible property. [2]

1. A property interest in a legal right.
     See incorporeal right. [3]

incorporeal right:

1. A right that has no tangible substance.  EXAMPLE: the right to sue (i.e. a cause of action).  
     See intangible property.  Also see chose in action. [3]

cause of action – a group of operative facts which give rise to one or more bases for suing.

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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