MLchartDataset catalogue

Legal owner

Term · Law · MLC-T-LAW-002974

The individual or entity recognized by law as having title to property, even if another party holds beneficial or equitable ownership. The legal owner has the right to transfer or encumber the property. This distinction is particularly relevant in trust arrangements, where a trustee is the legal owner and the beneficiary is the equitable owner.

Table 1. Record
IdentifierMLC-T-LAW-002974
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002974",
  "term": "Legal owner",
  "field": "Law",
  "definition": "The individual or entity recognized by law as having title to property, even if another party holds beneficial or equitable ownership. The legal owner has the right to transfer or encumber the property. This distinction is particularly relevant in trust arrangements, where a trustee is the legal owner and the beneficiary is the equitable owner.",
  "url": "https://mlchart.com/terminology/law/legal-owner/"
}

Record 2,922 of 5,439 in Law terminology (MLC-0107). Request the full dataset.