Bona mobilia

Bona mobilia – this term comes from Latin. It could have two different meanings, depending on where applies in practice:

– In the area of Bankruptcy Law, it details the whole pot consisting of movable assets/properties owned by the debtor. These assets have to be divided among the judgment creditors for their satisfaction.

– In the area of Property Law, it refers these movables or real estates, that do not have an owner. This happens usually because these assets have been abandoned for so long by their owners. Or are unclaimed by any heirs of the owner who died.

See also “Derelict”

See also “Abandoned property”
Bona mobilia

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