Self-owned institutions are based on a combination of trusted leadership with possession rights for all who are actively involved. While owners may have full property rights, they have chosen to allow users to manage the institution and resources. [DB: 1-2 examples would be good to add here. This is rather abstract.] Self-owned institutions ignore economic goals (such as shares on the stock market) and consanguinity. They rely on a what might be called "value and capability kinship" ("Werte- und Fähigkeitenverwandschaft"). [DB: deserves elaboration]
They make sure that what is in the system (in the commons) cannot be taken out or alienated by either economically or socially powerful players. The legal arrangement [DB: what legal arrangement?] prevents this from happening.
Current forms of property rights usually include the right of alienation -- the right to sell property to others. This is why the faith of a self-owned institution heavily depends on the goodwill and the ethics of the owner. A self-owned institution therefore actively limits [DB: how?...voluntarily decides?] the possibilities to sell or alienate the institution.
Some call it "sense or responsibility ownership" (Sinn- oder Verantwortungseigentum)
So können Start-ups auch auf ganz neue Art zusammenarbeiten, weil für jeden klar ist: Wenn ich dem anderen helfe, helfe ich der Mission des Unternehmens und nicht dem anderen zu seinem nächsten Porsche. Das motiviert auch Mitarbeiter. Wer arbeitet schon gerne für die Vermögensvermehrung von anderen reichen Leuten?
# Examples
# See also Relationalize Property