State ownership

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(Redirected from State property)
"State Property" redirects here. For the American hip hop group, see State Property (group). For
other uses, see State property (disambiguation).


A plaque marking state property inRiga, Latvia.
State ownership, also called public ownership, government ownership or state property,
are property interests that are vested in the state, rather than an individual or private entity.
[1]

State ownership may refer to state ownership or control of any asset, industry, or enterprise at
any level, national, regional or local(municipal); or to common (full-community) non-state
ownership. The process of bringing an asset into public ownership is
callednationalization or municipalization.
In primarily market-based economies, government-owned assets are often managed and run like
joint-stock corporations with the government owning a controlling stake of the shares. This model
is often referred to as a state-owned enterprise. A government-owned corporation (sometimes
state-owned enterprise, SOE) may resemble a not-for-profit corporation as it may not be required
to generate a profit. Governments may also use profitable entities they own to support
the general budget. SOE's may or may not be expected to operate in a broadly commercial
manner and may or may not have monopolies in their areas of activity. The creation of a
government-owned corporation (corporatization) from other forms of government ownership may
be a precursor to privatization.
In socialist economies, state property is often the predominant form of ownership of industries
and holds a monopoly on land and natural resources. There is a wide variety in forms of
operation within socialist industries, ranging from centralized authority to direct workers' self-
management.
Contents
[hide]
1 User rights
2 Public property
3 See also
4 References
User rights[edit]


A plaque marking state property inJrmala.
When ownership of a resource is vested in the state, or any branch of the state such as a local
authority, individual use "rights" are based on the state's management policies, though these
rights are not property rights as they are not transmissible. For example, if a family is allocated
an apartment that is state owned, it will have been granted a tenancy of the apartment, which
may be lifelong or inheritable, but the management and control rights are held by
various government departments.
[2]

Public property[edit]
Main article: public property
There is a distinction to be made between state ownership and public property. The former may
refer to assets operated by a specific organization of the state used exclusively by their operators
or that organization, such as a research laboratory, while public property refers to assets and
resources that are available to the entire public for use, such as a public park (see public space).
See also[edit]
Government-owned corporation
Municipalization
Nationalization
Public sector
Public finance
References[edit]
1. Jump up^ Clarke, Alison; and Paul Kohler (2005). Property law: commentary and materials.
Cambridge University Press. p. 40. ISBN 9780521614894.
2. Jump up^ Clarke, Alison; and Paul Kohler (2005). Property law: commentary and materials.
Cambridge University Press. p. 40. ISBN 9780521614894.