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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.


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)


noun claimer, controller, holder, homeowner, householder, land owner, landlord, lessor, legitimate perron entitled to, master, occupier, person holding ownerrhip on record, possessor, property owner, proprietor, record-holder, retainer, title holder
Associated concepts: beneficial owner, co-owner, equiiable owner, general owner, gun owner, joint owners, owner of copyright, part owners, record owner, repeated owner
See also: director, employer, holder, lessor, principal, proprietor, shareholder, tenant

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.

References in periodicals archive ?
The aim of this study was to identify small business owner-managers environmental education needs.
There may be a good reason for this: entrepreneurs and SME owner-managers do not make maximum use of the services available.
Chi-square was used to test for an association between responses and owner-manager and other managers.
Proposition 3: The owner-manager may shape and extend both domains by leadership.
The first is the type of strategy adopted by the owner-manager as regards intrapreneurship within the firm.
Interviews with 36 small independent retail owner-managers were conducted to find out.
With regard to the role of the owner-manager, he/she is seen as the main actor in the innovation process, with direct involvement in both the initiation and implementation phases.
Only building the value of the business ranked higher in the run-down of concerns - highlighting how owner-managers are often so tied up with the day-to-day running of the business that they have little time to plan and to develop growth strategies.
Of the four MBTI subscales for group effect (Table 3 lines 6-9), the Extravert-Introvert (EI) and Thinking-Feeling (TF) subscales were not significantly different for the entrepreneur, owner-manager, and non-entrepreneur groups.
In this respect, perhaps the most critical issue is the role of the owner-manager within the business.