qualified ownership (interest) – shared, restricted to a particular use, or limited in the extent of its enjoyment; less than absolute ownership

     This page is continued from Ownership >>>> Various Forms of Ownership, Interest, and Estates:


qualified ownership:

1. Ownership that is shared, restricted to a particular use, or limited in the extent of its enjoyment. [1]

qualified owner:

1. The owner of a qualified interest in a thing. [2]

qualified interest:

1. An interest in property under which control falls short of the absolute, the property not being objectively and lawfully appropriated to one’s use in exclusion of all other persons. Griffith v Charlotte, Columbia & Augusta Railroad Co. 23 SC 25.
See qualified fee. [2]

1. An interest in property that is less than absolute.  EXAMPLES: a fee tail; a fee simple conditional. [3]

Types of Qualified Ownership:

shareholders – owns a proportional part (share) of a corporation’s capital, granting the right to participate in the company’s general management and to share in its net profits or earnings. — aka stockholders.

Types of Shared Ownership Without Controlling Interest:

incorporeal ownership – ownership interest in land or chattels without the right to use or control, as with mineral rights.

stakeholder someone who has an interest or concern in a business or enterprise, though not necessarily as an owner, and whose interest may possibly be contested.


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[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 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.

[3]:  Categorized and arranged by Wild Willpower PAC.


Back to Interest Law and Types of Interest

Ownership Law and Types of Ownership

Equity Jurisprudence

Intro to U.S. Law

Legal Precepts Adopted (from Europe) into The U.S. Constitution

§ § of Law Embedded into the Constitution Pursuant to the American Revolution

Indian Country Law

Federal Rules of Procedure

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