{"id":363564,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/owner.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"owner","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/owner.html","title":{"rendered":"Owner"},"content":{"rendered":"\n
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term:<\/p>\n

<\/h1>\n\n
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n<\/p><\/dt>\n

:<\/b> one with an interest in and often dominion over property: as
a<\/b> :<\/b> legal owner <\/a> in this entry
b<\/b> :<\/b> one with the right to exclusive use, control, or possession of property
c<\/b> :<\/b> a purchaser under a contract for the sale of real property see also equitable owner<\/a> in this entry <\/p>\n

beneficial owner<\/b>
1<\/b> :<\/b> one holding a beneficial interest in a trust compare beneficial interest<\/i> at interest<\/a>
2<\/b> :<\/b> one enjoying the benefit of property of which another is the legal owner [was the beneficial owner<\/i> of property held by the parent corporation]
3<\/b> :<\/b> one who has or shares the power to control the voting or investment of stock [was considered the beneficial owner<\/i> of stock held by her minor children] <\/p>\n

equitable owner<\/b>
:<\/b> one (as a beneficiary of a trust) who is considered to have rights or obligations of an owner regardless of legal title on the ground of equity [do not have legal title but, upon execution of the contract, they became equitable owners<\/i> and have power to sue to protect their land “Dessen v. Jones<\/i>, 551 N.E.2d 782 (1990)”] <\/p>\n

legal owner<\/b>
:<\/b> one who has legal title to property
;broadly<\/i>
:<\/b> one determined by law to own property [a dispute over who is legal owner<\/i> of the money] <\/p>\n

naked owner<\/b>
in the civil law of Louisiana<\/i>
:<\/b> an owner of property burdened by a usufruct [a usufructuary possesses the usufruct for himself and the thing for the naked owner<\/i> “Louisiana Civil Code<\/i>“] <\/p>\n

record owner<\/b>
:<\/b> one who is the owner of property (as land or stock) according to current appropriate records [received a tax bill as record owner<\/i> of the land] called also owner of record<\/i> <\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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