personal property

personal property
Money, goods, and movable chattels. Ralston Steel Car Co. v Ralston, 112 Ohio St 306, 147 NE 513, 39 ALR 334. Goods, chattels, things in action, evidences of debt, and money. All objects and rights which are capable of ownership except freehold estates in land, and incorporeal hereditaments issuing there out, or exercisable within the same. 42 Am J1st Prop § 23. The ultimate test in determining what particular items pass under a testamentary gift of "personal property" is the intention of the testator. While it is clear that the term is sufficiently broad in its accepted technical significance to include all forms of property other than land or interests in land, if the testator intended that it should embrace so much, in a majority of cases the courts have, in view of the actual intention of the testator as disclosed by the language of the will and the circumstances surrounding its execution, construed the term as carrying a restricted rather than a broad signification. In some instances, it has been held that the term passed only personal or household effects. In other instances, the term has been construed as including only intangibles or as excluding certain kinds of tangible property, such as growing crops. 57 Am J1st Wills § 1339.

Ballentine's law dictionary. . 1998.

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