Legal Definitions - hacienda social

Definition: Hacienda social refers to property that belongs to a corporation or partnership under Spanish law.

Example: A group of investors form a partnership to purchase a large piece of land for farming. The land and any assets acquired through the partnership would be considered hacienda social.

Explanation: The example illustrates how a group of individuals can come together to form a partnership and collectively own property, which is known as hacienda social. This type of ownership structure is common in Spanish law and can apply to various types of assets, such as land, buildings, and equipment.