Ownership that is governed under rules of law.
Found on
http://www.akc.org/about/glossary.cfm
(from the article `property law`) The basic distinction between legal and equitable ownership is quite simple. The legal owner of the property (trustee) has the right to possession, ... ...are used in a wide variety of contexts, most notably in family settlements and in charitable gifts. Courts may also impose trusts on people who ... ...
Found on
http://www.britannica.com/eb/a-z/l/30
No exact match found.
