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legal and equitable property

11:21 Dec 22, 2016
English to Serbian translations [PRO]
Social Sciences - Law: Contract(s) / Ugovori
English term or phrase: legal and equitable property
Local time: 12:43

Summary of answers provided
4zakonita i fiducijarna svojina
Natasa Stankovic



9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
zakonita i fiducijarna svojina


Encyclopædia Britannica, Inc.
- The basic distinction between legal and equitable ownership is quite simple. The legal owner of the property (the “trustee”) has the right to possession, the privilege of use, and the power to convey those rights and privileges. The trustee thus looks like the owner of the property to all the world except one person, the beneficial owner (“beneficiary”). As between the trustee and the beneficiary, the beneficiary receives all the benefits of the property. The trustee has the fiduciary duty to the beneficial owner to exercise his legal rights, privileges, and powers in such a way as to benefit not himself but the beneficiary. If the trustee fails to do this, the courts will require him to account to the beneficiary and may, in extreme cases, remove him as legal owner and substitute another in his stead.

The Complete Real Estate Encyclopedia
- equitable ownership
Describes the rights of a trust beneficiary in property, as opposed to the legal ownership resting in the name of the trustee. ...

Republika Crna Gora
- Fiducijarna svojina
Član 14
Fiducijarna svojina je uslovno stečeno pravo svojine na pokretnoj ili nepokretnoj stvari koje ovlašćuje povjerioca da prije ostalih povjerilaca naplati njegovo dospjelo potraživanje, bez obzira kod koga se stvar nalazi.
- Zakonita državina
Član 389
Državina je zakonita ako se zasniva na punovažnom pravnom osnovu koji je potreban za sticanje onog stvarnog ili obligacionog prava čiju sadržinu držalac vrši. Državina nasljednika je zakonita ako je i ostaviočeva državina bila zakonita.

Note added at 11 days (2017-01-02 22:07:42 GMT)

M. Gačić - Rječnik prava (en-hr):
legal owner > zakoniti vlasnik
legal ownership > zakonito vlasništvo
equitable owner > fiducijarni vlasnik
equitable ownership > fiducijarno vlasništvo

Natasa Stankovic
Local time: 12:43
Native speaker of: Native in SerbianSerbian
PRO pts in category: 96

Peer comments on this answer (and responses from the answerer)
neutral  Daryo: The first two references are relevant, but the last two have no connections to this question
9 days
  -> HNY :-)
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