Legal Title

A collection of rights of ownership that are defined or recognized by law or that could be successfully defended in a court of law.

A collection of rights of ownership that are defined or recognized by law or that could be successfully defended in a court of law.
Example: Legal title is vested in the mortgage lender inTitle Theory States although the real owner has constructive ownership.

Ownership of property that is cognizable or enforceable in a court of law, or one that is complete and perfect in terms of the apparent right of ownership and possession, but that, unlike equitable title, carries no beneficial interest in the property.