Personal Property

Anything tangible or intangible that is not real property.

(1)Tangible personal property includes:

(a) An object that is not firmly attached to the land, structures, or trees so that its removal would not damage either the object or the point of attachment;

(b) Soil, rock, gravel, minerals, gas, oil, or water after excavation or extraction from the surface or subsurface,

(c) Commodities derived from trees or other vegetation after harvest or separation from the land; and

(d) Annual crops before or after harvest.

(2) Intangible personal property includes:

(a) Intellectual property, such as patents and copyrights;

(b) Securities, such as bonds and interest-bearing accounts.

(c) Licenses.

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