Movable Property


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Movable Property

 

in bourgeois civil law, one of the forms of property. The distinction between movable property and immovable property is (conditionally) connected with certain characteristics of the property and defines its legal status. Usually, the civil law in continental Europe, Japan, and some other countries classifies land and everything that is directly associated with it, including buildings and installations, as immovable property. All other property is considered movable. In countries that follow the Anglo-Saxon legal system (Great Britain and the USA), the distinction between movable and immovable property is not applied in domestic legal cases and is taken into consideration by the courts only in cases regulated by international private law. For movable property, in contrast to immovables, a much simpler system of completing transactions has been established, which calls for a simplified form of certification of the right of ownership.

References in periodicals archive ?
Under Article 8 (1) of the Regulations, once the future pledged property comes into existence, is owned by the pledgor or transformed into movable property, the pledgor must submit an application to the Registry to amend the status of the pledged property recorded in the Registry from a future to a current one.
The Azerbaijani parliament passed a law in 2017 on encumbrance of movable property, which envisages the creation of a registry of movable property.
HE said the 'Mortgage of Movable Property' provides financing to the legal and legislative environment that allows companies, including SMEs, to pledge their movable properties as security for loans from banks and financial institutes.
He said: "The mortgage of movable property allows companies, including SMEs, to pledge their movable properties as security for loans from banks and financial institutes.
MoF has assigned EDB the task to create an electronic register to publicise related rights to 'Mortgage of Movable Property'.
The Movables Security Law is primarily concerned with non-possessory pledge/charge over movable property. Under the Movables Security Law a variety of movables, whether existing or future physical assets or moral rights, can be used as collateral.
This bill has been developed by a working group in order to improve the legal and regulatory framework in the field of collateral relationship involving the registration of pledges of movable property and modernization of the unified state register on pledges of movable property.
The interest in movable property is also referred to as security interest, pledge or charge.
This report from the World Bank lays out a reformed legal framework for secured transactions that changes the use of movable property as collateral and proposes a modern filing archive to make public the claims against such property.
The ministry intends to submit a bill to the Diet this fall for the movable property registration system to be launched in fiscal 2005 which starts next April, they said.
In 1999 a Superior Court judge enjoined Hamidi from sending any more e-mails to Intel staff, on the ground that doing so constituted a trespass (or, in legalese, a "trespass to chattel"--chattel meaning any movable property).
[47] Although there is arguably some room for treating water itself (as opposed to the more general notion of water resources) as a movable property, such treatment would only seem to apply in situations where the water was already captured and stored in a manner removing it from association with real property.