{"id":8424,"date":"2017-11-18T23:23:37","date_gmt":"2017-11-18T23:23:37","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=8424"},"modified":"2018-06-07T00:18:24","modified_gmt":"2018-06-07T00:18:24","slug":"various-types-of-shared-ownership","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=8424","title":{"rendered":"qualified ownership (interest) – shared, restricted to a particular use, or limited in the extent\u00a0of its enjoyment; less than absolute ownership"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from Ownership<\/a> >>>> Various Forms of Ownership, Interest, and Estates<\/a>:<\/span><\/strong><\/p>\n

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qualified ownership<\/span>:<\/span><\/strong><\/span>
\n(18c)<\/span><\/span><\/p>\n

1. Ownership that is shared, restricted to a particular use, or limited in the extent\u00a0<\/span><\/strong>of its enjoyment.<\/strong> [1]<\/span><\/span><\/p>\n

qualified owner<\/span>:<\/span><\/strong><\/span><\/p>\n

1. The owner of a qualified interest<\/span> in a thing.<\/strong> [2]<\/span><\/p>\n

qualified interest<\/span>:<\/span><\/strong><\/p>\n

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<\/em>. 23 SC 25<\/span>.<\/span><\/strong>
\nSee qualified fee<\/em>. [2]<\/span><\/p>\n

1. An interest in property that is less than absolute.\u00a0 EXAMPLES: a fee tail; a fee simple conditional.<\/strong> [3]<\/span><\/p>\n

Types of Qualified Ownership:<\/span><\/strong><\/p>\n

shareholders<\/span><\/a> – owns a proportional part (share) of a corporation’s\u00a0capital, granting the right to participate in the company’s general management and to share in its net profits or earnings.\u00a0\u2014 aka<\/span>\u00a0stockholders<\/span>.<\/span><\/em><\/span><\/strong><\/p>\n

Types of Shared Ownership\u00a0Without\u00a0Controlling Interest:<\/span><\/strong><\/span><\/p>\n

incorporeal ownership<\/span><\/a> – ownership interest in land or chattels without the right to use or control, as with mineral rights.<\/span><\/span><\/strong><\/p>\n

stakeholder<\/span><\/a> – 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.<\/span><\/span><\/strong><\/p>\n

References:<\/span><\/strong><\/span><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

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[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe Tenth Edition<\/b><\/span><\/a><\/em> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4<\/span><\/strong><\/p>\n

[2]:\u00a0\u00a0Ballantine’s Law Dictionary <\/a><\/span><\/strong>Legal Assistant Edition<\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

[3]:\u00a0 Categorized and arranged by Wild Willpower PAC<\/a>.<\/span><\/strong><\/p>\n

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