Movable Property


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.