Types of Assets

The assets of a company consist of proprietary rights, which may be divided into immovable and movable property. This differentiating is important with regard to the ways in which property may be transferred. The transfer of immovable property must comply with special form requirements.

Immovable property is the ownership and similar rights to real estate, other land or water areas. Movable property on the other hand, covers all other rights, such as ownership of movable goods as well as limited rights to both movable goods and immovable property, e.g. leaseholds and liens. Movable property also includes property rights with no or only remote connection to a specific piece of property. Such property rights include rights to require specific performance and intellectual property rights, such as copyrights and rights to inventions, as well as rights to shares in a corporation, for instance, in a limited liability company, also when such shares constitute the right to possess a real estate or a building or a part thereof situated on a real estate, such as shares in a real estate company or in a housing company.