Legal Definitions - loco rerum immobilium

Definition: Loco rerum immobilium (loh-koh reer-uhm im-uh-bil-ee-uhm) is a Latin term used in Scots law to refer to immovable things. It is used to determine whether certain items, such as shares of stock, should be treated as movable or immovable property.

Example: A piece of land is an example of loco rerum immobilium because it is considered immovable property. On the other hand, a car is an example of movable property because it can be easily moved from one place to another.

The examples illustrate the definition by showing the difference between movable and immovable property. Loco rerum immobilium is used to determine whether an item should be treated as immovable property, which has different legal implications than movable property.