The ownership of property is qualified:
1. When it is shared with one or more persons;
2. When the time of enjoyment is deferred or limited;
3. When the use is restricted.
Interests in Property
Applied in 2 court decisions — leading case 78 Cal. App. 4th 1019 - State of California v. Superior Court (2000)
Most recently applied in In re Domum Locis LLC (December 2014)
Enacted 1872.
The ownership of property is qualified:
1. When it is shared with one or more persons;
2. When the time of enjoyment is deferred or limited;
3. When the use is restricted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.