Electronic ownership control system and method
First Claim
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1. A method for initiating the transfer of ownership interests in co-owned commodities comprising:
- electronically associating with a computer a plurality of co-owners of a commodity with the commodity, wherein each of the plurality of co-owners is allowed to participate in transferring at least partial ownership of the commodity;
allowing at least one user of an access device to define a transfer request for transferring at least partial ownership of the commodity co-owned by the plurality of co-owners;
notifying at least one co-owner of the plurality of co-owners of the request so that the at least one co-owner can participate in transferring at least partial ownership of that commodity, wherein the at least parital ownership that can be transferred is owned by the at least one co-owner;
allowing the at least one co-owner of the plurality of co-owners to participate in transferring at least partial ownership of the commodity; and
electronically initiating over a computer network the transfer of at least partial ownership of the commodity according to the request for each co-owner of the plurality of co-owners participating in the transfer.
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Abstract
Electronic ownership control systems and methods. Fractional interests in commodities are controlled, transfers initiated or executed, and management of commodities is provided.
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Citations
126 Claims
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1. A method for initiating the transfer of ownership interests in co-owned commodities comprising:
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electronically associating with a computer a plurality of co-owners of a commodity with the commodity, wherein each of the plurality of co-owners is allowed to participate in transferring at least partial ownership of the commodity; allowing at least one user of an access device to define a transfer request for transferring at least partial ownership of the commodity co-owned by the plurality of co-owners; notifying at least one co-owner of the plurality of co-owners of the request so that the at least one co-owner can participate in transferring at least partial ownership of that commodity, wherein the at least parital ownership that can be transferred is owned by the at least one co-owner; allowing the at least one co-owner of the plurality of co-owners to participate in transferring at least partial ownership of the commodity; and electronically initiating over a computer network the transfer of at least partial ownership of the commodity according to the request for each co-owner of the plurality of co-owners participating in the transfer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
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43. A system for initiating the transfer of ownership interests in co-owned commodities comprising:
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means for electronically associating each of a plurality of co-owners of a commodity with the commodity, wherein each of the plurality of co-owners is allowed to participate in transferring at least partial ownership of the commodity; means for allowing at least one user to define a transfer request for transferring at least partial ownership of the commodity co-owned by the plurality of co-owners; means for notifying at least one co-owner of the plurality of co-owners of the request so that the at least one co-owner can participate in transferring at least partial ownership of that commodity, wherein the at least parital ownership that can be transferred is owned by the at least one co-owner; means for allowing the at least one co-owner of the plurality of co-owners to participate in transferring at least partial ownership of the commodity; and means for electronically initiating the transfer of at least partial ownership of the commodity according to the request for each co-owner of the plurality of co-owners participating in the transfer. - View Dependent Claims (44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84)
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85. A system for initiating the transfer of ownership interests in co-owned commodities comprising:
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at least one database for electronically associating each of a plurality of co-owners of a commodity with the commodity, wherein each of the plurality of co-owners of the commodity is allowed to participate in transferring at least partial ownership of the commodity; at least one access device configured to allow a user associated with the access device to define a transfer request for transferring at least partial ownership of the commodity co-owned by the plurality of co-owners; a server configured to receive the transfer request from the at least one access device and notify at least one co-owner of the plurality of co-owners of the request; at least one access device associated with each co-owner of the plurality of co-owners configured to receive the notification from the server so that the at least one co-owner can participate in transferring at least partial ownership of that commodity and allow a co-owner of the plurality of co-owners associated with the access device to participate in transferring at least partial ownership of the commodity, wherein the at least parital ownership that can be transferred is owned by the co-owner; and wherein the server is further configured to initiate the transfer of at least partial ownership of the commodity according to the request for each co-owner of the plurality of co-owners participating in the transfer. - View Dependent Claims (86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 124, 125, 126)
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Specification