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Explanation: No sé si esto te servirá, creo que en este caso "Equitable" se refiere al régimen de "equity" como por ejemplo en "Equitable claim":derecho susceptible de dar lugar a acciones bajo el régimen de EQUITY.
See "Equitable owner":One who is recognized in equity as owner of the property, because real and beneficial use and title belong to him, even though bare legal title is invested in another.