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LSDefine

Simple English definitions for legal terms

bare ownership

Read a random definition: apportionment rule

A quick definition of bare ownership:

Bare ownership refers to the ownership of property without the right to use or enjoy it. It is often associated with trust ownership, where the trustee holds legal title to the property while the beneficiary holds the bare ownership. Ownership, in general, refers to the bundle of rights that allow one to use, manage, and enjoy property, including the right to convey it to others. Ownership rights are permanent, heritable, and imply the right to possess a thing, regardless of any actual or constructive control.

A more thorough explanation:

Definition: Bare ownership refers to the ownership of property without the right to use, manage, or enjoy it. It is also known as trust ownership. The owner of bare ownership has limited rights and cannot convey the property to others.

Example: A father may give his property to his son but retain the bare ownership of the property. In this case, the son has the right to use, manage, and enjoy the property, but the father retains the right to sell or transfer the property to someone else. The son only has the right to use the property until the father's death, after which the son will become the full owner of the property.

This example illustrates how bare ownership works. The father retains the right to sell or transfer the property to someone else, which means he has limited rights. The son only has the right to use the property until the father's death, which means he has limited rights as well.

bare licensee | bare possibility

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General chat about the legal profession.
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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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