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constructive possession

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constructive possession

Legally considered to be in possession of property even though not physically occupying it or using it in any manner. If one has a house on 40 acres of land, but rarely ventures outside the house and yard,one is in actual possession of the house and yard and in constructive possession of the remainder of the 40 acres.



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Contrary to traditional paper based precious metals contracts that are traded on exchanges worldwide, Sharia law necessitates that constructive possession be taken of both gold and silver.
Larceny-theft (except motor vehicle theft)--The unlawful taking, carrying, leading, or riding away of property from the possession or constructive possession of another.
62) Although this concept does promise some relief in that it may allow for constructive possession of intangible property that cannot be physically possessed, it leaves in place the strict requirement of physical possession for tangible property.
 
 
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