Own

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Own

To have the exclusive right to use and abuse property within the limits of the law. For example, if one owns land, the owner may use it to build a house, start a farm or dump toxic waste, subject to zoning, environmental and other applicable laws. The ability of an individual to own something is the foundation of the free market system.
References in periodicals archive ?
1298(a)(3) treats a partner as owning stock owned directly or indirectly by the partnership, the stock owned by the partnership must first be determined.
US1 is accordingly treated as owning an interest in FC1, a PFIC, under Sec.
Under the constructive ownership rules, Martina is treated as owning an additional 50% of Land Racket - the 37.
318(a)(4) can treat a nonshareholder as owning shares or treat a shareholder as owning more shares than he actually owns.