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Personal property


Personal property

All property that is not real estate is personal property. Personal property can be tangible or intangible and includes stocks, BONDS, RETIREMENT PLANs, cash, furnishings, vehicles, boats, jewelry, clothing, electronics and goods of all sorts, animals, COPYRIGHTs, PATENTs, TRADEMARKs, and CONTRACT rights, among many other things. Ownership of personal property conveys the exclusive right to possess, enjoy, and use it and to sell or transfer it. In most situations, personal property is not subject to seizure in corporate lawsuits, although it is vulnerable in business disputes involving PARTNERSHIPs and PROPRIETORSHIPs.

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