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LSDefine

Simple English definitions for legal terms

equitable owner

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A quick definition of equitable owner:

An equitable owner is someone who has the right to use and benefit from something, even if they don't have legal ownership. This can happen when property is held in trust or when someone has a contractual right to something. The equitable owner has the right to sue for infringement and enjoy the benefits of the property, even if someone else holds legal title.

A more thorough explanation:

An equitable owner is someone who is recognized in equity as the owner of something, even though legal title may belong to someone else. This means that the equitable owner has the right to possess, use, and convey the property, even though they may not have legal ownership.

For example, if a property is held in trust, the beneficiary of the trust is the equitable owner of the property, even though legal title is held by the trustee. The beneficiary has the right to use and enjoy the property, and can even sell it, but the trustee has legal control over the property.

Another example of an equitable owner is a corporate shareholder who has the power to buy or sell shares, but is not registered on the corporation's books as the owner.

Overall, an equitable owner has certain rights and interests in a property, even though they may not have legal ownership. This can arise in various situations, such as trusts, intellectual property, and corporate ownership.

equitable mortgage | equitable parent

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cumsock
10:29
fuck i want a filet o fish
jackfrost11770
10:29
The smell makes me nauseous
texaslawhopefully
10:29
I’m sorry jack, you’re great but filet o fish is disgusting
10:29
@jackfrost11770: understandable. gotta get it right after breakfast when the oil is fresh/ not burnt fishy
texaslawhopefully
10:30
Not jack, I mean cumsock
JumpySubsequentDolphin
10:30
omg I’m so sorry I love you guys but if you don’t like seafood you must have the palate of a child
I have not, just been a huge chicken lover. One of these days I am going to try something but I am boring and eat very like bland and boring with my food
mushroomroundtop01
10:30
FILET O FISH SO GOOD
jackfrost11770
10:30
I just have massive issues with food lmfao tbh
10:30
yayyy plane soon
jackfrost11770
10:30
If I could just drink tasteless goo and get all my nutrients from it for the rest of my life I would
JumpySubsequentDolphin
10:30
TASTELESS GOO
10:30
jack my friend literally does that lol
jackfrost11770
10:30
I need the shit they had in that snow movie w Chris Evan's idc what it's made of
10:30
he drinks nutrient water and puts unflavored nutrient powders in plain water
texaslawhopefully
10:31
Good food is like one of the best parts of life
cumsock
10:31
tex give it a chance
jackfrost11770
10:31
I mean he's gonna die at like 25
jackfrost11770
10:31
I wish I could do that without consequence
texaslawhopefully
10:31
@cumsock: I have, it’s awful. The fish doesn’t even taste like fish man 😭
10:31
yeah his waist is snatched from doing that fr
JumpySubsequentDolphin
10:31
the windchill is almost -20 omfg
JumpySubsequentDolphin
10:31
BRRRRRR
@jackfrost11770: I am the same, I got a boo boo to my gallbladder so I get sick majority of the time I eat.
suddy
10:33
Soylent-maxxing
cumsock
10:33
@texaslawhopefully: do u like white fish normally i think its pollock
lilypadfrog
10:33
disordered eating will literally ruin your life and make you want to kill yourself. eating is good for you and being able to find pleasure in eating is an important part of having a fulfilling life I think
cleaning up my diet and paying more attention to what i put in my body has done wonders
texaslawhopefully
10:35
@cumsock: only really tilapia, but I prefer salmon
10:35
im with u jack, eating is a pain.
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