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incorporeal ownership

Definition from Nolo’s Plain-English Law Dictionary

Not ownership of a thing, but ownership in a right related to a thing. For example, if you own piece of land, that is corporeal ownership. But if you own a right of way on that piece of land, that is incorporeal ownership. (See also: corporeal ownership)

Definition provided by Nolo’s Plain-English Law Dictionary.

August 19, 2010, 5:17 pm