Owner

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Owner

The person recognized by the law as having the ultimate control over, and right to use, property as long as the law permits and no agreement or Covenant limits his or her rights.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

owner

n. one who has legal title or right to something. Contrary to the cynical adage: "Possession is nine-tenths of the law," possession does not necessarily make one a legal owner. (See: own)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

OWNER, property. The owner is he who has dominion of a thing real or personal, corporeal or incorporeal, which he has a right to enjoy and to do with as he pleases, even to spoil or destroy it, as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right.
     2. The right of the owner is more extended than that of him who has only the use of the thing. The owner of an estate may, therefore change the face of it; he may cut the wood, demolish the buildings, build new ones, and dig wherever he may deem proper, for minerals, stone, plaster, and similar things. He may commit what would be considered waste if done by another.
     3. The owner continues to have the same right although he perform no acts of ownership, or be disabled from performing them, and although another perform such acts, without the knowledge or against the will of the owner. But the owner may lose his right in a thing, if he permit it to remain in the possession of a third person, for sufficient time to enable the latter to acquire a title to it by prescription, or lapse of time. See Civil Code of Louis. B. 2, t. 2, c. 1; Encyclopedie de M. D'Alembert, Proprietaire.
     4. When there are several joint owners of a thing, as for example, of a ship, the majority of them have the right to make contracts in respect of such thing, in the usual course of business or repair, and the like, and the minority will be bound by such contracts. Holt, 586; 1 Bell's Com. 519, 5th ed. See 5 Whart. R. 366.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Leadership styles of owner-managers (transactional, transformational, autocratic, charismatic & visionary) influence employees' output.
This system is an idea on how to improve the innovativeness of SMEs owner-manager, consultant of SMEs, and boosting country socio-economic initiatives.
On this basis, the Environmental Protection Agency (WA) was the favoured source of information, followed by those within the owner-manager's business network.
Given the economic importance of small and medium enterprises (SMEs), public authorities are seeking ways to improve support for SME owner-managers. Each year, considerable funds are budgeted to help small businesses, and the number of SME support organizations has steadily grown.
MIDLAND owner-managers have been warned that new tax rules could lead to further cuts in business investment.
Perceptions of graduate recruitment were analysed according to the growth orientation of the owner-manager. A significant relationship was found in five of the six attitudinal responses and these data are presented in Table 6.
Proposition 2: The relationship between strategic domain and that of the owner-manager is mutually pervasive.
Given the structural simplicity and the smaller number of hierarchical levels in small firms, promotion is perceived as an excellent opportunity to move closer to the owner-manager, who is generally the main decision-maker.
Reordering was primarily determined after observing what was on the shelf, considering what the reorder time was, and determining what the owner-manager felt the demand for the product would be.
The interviewer asked to speak to a senior manager or for smaller firms the owner-manager. They then checked that they were able to answer detailed questions on the firm's strategy.
MORE than 60 leaders and owner-managers of SMEs graduated from Swansea University's professional leadership development programme.
Project director Ceri Jones said: "LEAD Wales is a leadership development model that successfully supports owner-managers of small and medium sized businesses, in the business environment they are operating.