Legal Definitions - Proprietary interest

A proprietary interest is a type of property right that is held by an owner along with all the related rights. This means that the owner has a legal claim to something and can control how it is used or disposed of. Examples of proprietary interests include:

• A shareholder in a corporation
• A farmer in a crop
• A storekeeper in store inventory

For instance, a shareholder in a corporation has a proprietary interest in the company. This means that they own a portion of the company and have a say in how it is run. Similarly, a farmer has a proprietary interest in their crop, which means that they have the right to harvest and sell it. A storekeeper has a proprietary interest in their inventory, which means that they can decide how to price and sell their products.

Overall, a proprietary interest is an important legal concept that allows individuals and businesses to own and control property.