There are different classes of faction ownership. Only the first applicable owner in this list is considered the faction owner:
When a faction has issued stock, the faction owner is the character or faction who owns more than 50% of the stock. If stock is issued and there is no majority owner, there is a situation where no characters or faction are considered the owner.
Nested ownership can occur when a faction has stock (or sole ownership) that is majority owned by another faction.
When a parent faction owns a child faction, the leader of the parent faction is considered the owner of the child faction.
This class of faction ownership applies when the faction has an owner with 100% of ownership but the faction has not released stock. Typically, this case applies to non-government type factions.
This ownership class acts like stock, but cannot be split in parts like stock.
If no above cases apply, the faction leader is considered the defacto owner. Typically, this case applies to government type factions.
The following examples show how ownership is calculated:
Assets that are marked as "protected" can be unprotected only by the faction owner.
Protected assets cannot be transferred out of the faction (even for members with "Makeover" privileges), and must be unprotected before ownership can be transferred. Asset protection has a fee attached.
The leader of the faction can be changed by the faction owner.
(This ability is not granted exclusively to owners, for some faction types, the leader can also replace themselves).