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Author Topic: Machinery and equipment used for an industry  (Read 750 times)

MikeLigalig.com

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Machinery and equipment used for an industry
« on: November 11, 2019, 01:43:50 AM »
With respect to machinery and equipment used for an industry or works
o   General rule: they may not be validly subject to replevin so long as they are intended by the owner for an industry and they directly meet the needs of the industry -- they are considered as real property. (They are not subject to replevin which is an action to recover specific personal property.)
o   Exception: when the machinery is placed by the lessee in the real estate leased to him by the owner of the real estate.
o   Exception to the exception: when the lessee places the machinery on the estate as an agent of the owner-lessor.

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