Legal Title


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Related to Legal Title: equitable title

Legal Title

Ownership of property that is cognizable or enforceable in a court of law, or one that is complete and perfect in terms of the apparent right of ownership and possession, but that, unlike equitable title, carries no beneficial interest in the property.

See: droit, right, title
References in periodicals archive ?
When a trust is created, we separate legal title (sometimes loosely called 'ownership') from equitable or beneficial title ('ownership').
Equitable title to property (whether land or goods) thus involves divided ownership, legal title being in A and beneficial ownership in B.
The most appropriate design of an LTIP must be assessed on a case-by-case basis and will depend on a variety of factors, including the type and size of legal entity, whether legal title to the shares will be transferred to employees, and whether it would be appropriate for the company to establish a separate legal structure to hold a pool of shares (and any legal and accounting implications which may then arise for the company).
199 deduction because: (1) The legal title factor favored the IRS.
If you occupy land without having legal title to it, you may wish to make a claim for adverse possession, perhaps because you are selling neighbouring property and wish to include the land you have been occupying.
According to prosecution records, the 25-year-old Pakistani forged a property certificate copy which falsely said he had the legal title to the flat, located in the Discovery Gardens, which claimed to be issued by the Land Department.
Situation 1: Because B's only duties under MLT agreement are to hold legal title to Greenacre and transfer title at X's direction, the MLT is not a trust.
The firm takes legal title to all of its material, is not a broker and does not work on commission.
The Plaintiffs invested life savings into what they believed were vacation or retirement dwellings with valid legal title issued by the TRNC," papers seen by the Telegraph claim.
However, absentee landowners, or those who are lax in protecting their rights, may lose legal title even though they had perfect title.
If someone in your neighbourhood claimed that your house is built on stolen land, wouldnat you show the legal title to your property?