Qualified ownership
Definition
Non-absolute property ownership: ownership that is limited in time, restricted to one or more uses, or shared.
Illustrative caselaw
See, e.g. Holmes v. United States, 85 F.3d 956, 959 (2d Cir. 1996).
See also
Definition from Nolo’s Plain-English Law Dictionary
Ownership with limitations or conditions. For example, if your grandmother leaves you a plot of land, but requires that you never build on it.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm
