Louisiana Sworn Detailed Descriptive List of Immovable and Movable Property
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FAQ
The term movable property is commonly used to refer to tangible assets that are movable. For example, computers, paintings, jewellery, vehicles, etc. are all tangible assets that are characterised by their movability i.e. it can be moved around.
Example of movable property includes vehicles, timber, crops, home accessories like curtains, beds, almirah, etc. Immovable property examples will include land, building, trees attached to the land.
Immovable property, in the sense used, commonly refers to real estate (such as your house, factory, manufacturing plant, etc.) while movable property refers to movable assets (such as your computer, jewellery, vehicles, etc.).
Money is a movable property.
Movable property means property the location of which can be changed, including things growing on, affixed to, or found in land, and documents although the rights represented thereby have no physical location. "Immovable property" is all other property.
A movable property, as per many references and common understanding, refers to things like jewellery, watches, computers, money, etc.Section 22 of the Indian Penal Code (IPC) has provided the definition of movable property as any corporeal property except land and things permanently attached to the earth.
Section 2(9) of the same Act states that "'movable property' includes standing timber, growing crops and grass, fruit upon and juice in trees, and property of every other description, except immovable property."Under the General Clauses Act, all trees would be immovable property, as they are attached to the earth.
The term 'movable property' has been mentioned in Section 12(36) of the General Clause Act, 1847 and Transfer of Property Act, 1882. Section 22 of the Indian Penal Code (IPC) has provided the definition of movable property as any corporeal property except land and things permanently attached to the earth.
