incorporeal property

incorporeal property

property without a body that cannot be touched and picked up, such as a right to something. Stocks and shares are incorporeal personal or moveable property, as are copyrights and patents. To transfer such property ASSIGNATION is usually required.

Collins Dictionary of Law © W.J. Stewart, 2006

INCORPOREAL PROPERTY, civil law. That which consists in legal right merely; or, as the term is, in the common law, of choses in actions. Vide Corporeal property.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.