Patent ID: 7130825

Claim:
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.