1 The Bill is concerned with the law of personal property in England and Wales. It provides that something may be capable of attracting property rights even if does not fit into either of the two categories of personal property that have traditionally been recognised under the law of England and Wales. These categories are: things in possession (generally, tangible things) and things in action (personal property that can only be claimed or enforced through a court action).
2 The Bill gives effect to recommendations of the Law Commission for England and Wales. The Commission recommended statut…