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LSDefine

Simple English definitions for legal terms

equitable owner

Read a random definition: servitium

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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shaquilleoatmeal
23:17
Nvm I found it
shaquilleoatmeal
23:20
Sounds like someone’s playing the qanun?
JumpySubsequentDolphin
23:23
perhaps
JumpySubsequentDolphin
23:23
the lyrics are chefs kiss
shaquilleoatmeal
23:29
Tell me what it translates to tomorrow, I gotta sleep, Laylah sa'eedah 😴
JumpySubsequentDolphin
23:31
tusbihun ‘ala khair
HELLO ALL
whos awake \
JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
3:17
has anyone here worked for a DAs office during the school year
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