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 ?
The movable property register, where data on movable objects will be stored, will allow, for example, any credit institution to check the object before it is accepted as a pledge, whether this object is a collateral object for another loan.
The MoF has assigned Emirates Development Bank the task create an electronic register to publicise rights related to the mortgage of movable property.
The registry will fulfil two key functions: to notify parties about the existence of an existing security interest in movable property and to establish the priority of creditors with regard to third parties.
51] In addition to Article 52, Article 53 allows an occupying force to requisition private movable property, which may serve as war materiel, provided that the property be "restored at the conclusion of peace, and indemnities paid.
The Azerbaijani parliament passed a law in 2017 on encumbrance of movable property, which envisages the creation of a registry of movable property.
Gothenburg city and vstra gtaland region needs for supplier of vehicles, Machinery and movable property.
The bill provides legal regime for creation, registration, priority and enforcement of security interests over movable property.
The interest in movable property is also referred to as security interest, pledge or charge.
Al Hamadi said that the UAE is committed to ban trading and smuggling of antiquities, or intellectual or cultural properties in order to prevent violation of the cultural heritage in the form of movable property or artifacts according to the international conventions in this regard.
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.
Funding movable property - the mission is to continuously acquire movable property from buyer-designated suppliers for leasing to the buyer through leasing.