The following excerpt is from Flo & Eddie, Inc. v. Sirius XM Radio, Inc., 28 N.Y.3d 583, 48 N.Y.S.3d 269, 70 N.E.3d 936 (N.Y. 2016):
The multiple rights of ownership, use, and possession are expressed as " a bundle of sticks'a collection of individual rights which, in certain combinations, constitute property" (United States v. Craft, 535 U.S. 274, 278, 122 S.Ct. 1414, 152 L.Ed.2d 437 [2002] ). "It is axiomatic, of course, that state law is the source of those strands that constitute a property owner's bundle of property rights" (Nollan v. California Coastal Comm'n, 483 U.S. 825, 857, 107 S.Ct. 3141, 97 L.Ed.2d 677 [1987, Brennan, J., dissenting]; see also 63C Am. Jur. 2d, Property 1 ).
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