Re:The Long-Term Stock Exchange Comes to Life
by jacques_chester on Saturday December 30, 2017 @10:03PM
(#16039113)
> I read somewhere about splitting control and ownership, but really you can’t. You either own a thing or you don’t.
In common law countries, trusts law means you can distinguish between who has controlling interest and who has beneficial ownership.
So you can own a thing but not own the thing.
If I own something on trust for you, I can control it, but only in your best interests. If you own it on trust for me, I can benefit from the ownership, but without a lot of other legal effects that would normally ride shotgun with a full and undivided ownership.
As usual: I am not a lawyer, this is not legal advice.
In common law countries, trusts law means you can distinguish between who has controlling interest and who has beneficial ownership.
So you can own a thing but not own the thing.
If I own something on trust for you, I can control it, but only in your best interests. If you own it on trust for me, I can benefit from the ownership, but without a lot of other legal effects that would normally ride shotgun with a full and undivided ownership.
As usual: I am not a lawyer, this is not legal advice.