They will collectively own the company and appoint a management team.
The Iroquois had a system of collectively owned land free to be used as needed by their members.
After all, the major means of production are collectively owned, thanks to the stock market and mutual funds.
Residents own their houses, but pay a lease for the land, which is owned collectively by the community.
The league collectively owns all 12 of its teams and sets player contracts.
The Fisher family remains deeply involved in the company, collectively owning much of its stock.
Although small private plots were permitted, most of the land was owned collectively by the cooperative.
Today it is collectively owned by its editorial staff.
Resources were to be owned collectively rather than individually.
A communist state is a state where the means of production are collectively owned by the society.
