Ownership Definition Statuses

Use the ownership definition statuses to manage the life cycle of an ownership definition.

Status	Description
Pending	The initial status when you set up an ownership definition.
Active	Enables the joint venture to use the ownership definition to calculate the split of transactions. You can only change an ownership definition to Active when the ownership percentages for all stakeholders total 100%.
Inactive	Use this status when you no longer want the joint venture to process transactions with the ownership definition. For auditing and tracking purposes, you can’t change any details in an ownership definition that’s in this status. And you can’t delete the ownership definition or change its status back to Active.