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December 13, 2023

Right of Ownership Under New Civil Transactions Law

Introduction The Law not only defines at length the right of ownership of movable and immovable properties but also states restrictions upon the owner and others while exercising their rights.   The section covers issues related to ownership, right in-rem, usufruct, easement etc. Right to use, exploit, and dispose Firstly, the Law restates that the owner shall be entitled to use, utilize, exploit, and dispose of the right owned by him as well as enjoy benefits from all yields, products, and components of the object owned unless there is any statutory provision or an act requiring otherwise.  It goes further and establishes the right of owner over all essential components of the object that he owns and his right over all

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