How to Determine Vehicle Ownership?
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Vehicle ownership is determined by registration. The acquisition of property ownership must not violate legal provisions. Unless otherwise stipulated by law or agreed by the parties, ownership of property obtained through contracts or other lawful means transfers upon the delivery of the property. Below is additional information on vehicle ownership: 1. Article 1: This law is enacted in accordance with the Constitution to uphold the basic economic system of the state, maintain the order of the socialist market economy, clarify the ownership of property, enhance the utility of property, and protect the property rights of right holders. 2. Article 3: During the primary stage of socialism, the state adheres to the basic economic system with public ownership as the mainstay and diverse forms of ownership developing together. The state consolidates and develops the public sector of the economy, while encouraging, supporting, and guiding the development of the non-public sector. The state practices a socialist market economy, ensuring equal legal status and development rights for all market entities. 3. Article 4: The property rights of the state, collectives, individuals, and other right holders are protected by law, and no unit or individual may infringe upon them.