Legal definition of personal property
Asset Protection Legal Terminology

personal property

1
Property is anything that may be the subject of ownership, and is real or personal property. (NY EPTL, § 1-2.15)
Source: NY Estates, Powers and Trusts law. website
2
"Personal property" includes interests in goods, money, choses in action, evidence of debts, and chattels real. (Texas Probate Code, Chapter I, Sec. 3)
Source: Texas Probate Code. website
3
Personal property, roughly speaking, is private property that is moveable, as opposed to real property or real estate. In the common law systems personal property may also be called chattels or personalty. In the civil law systems personal property is often called movable property or movables - any property that can be moved from one location to another.
Source: Wikipedia - The Free Encyclopedia. website. license
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