They applied for a trademark and were rejected due to the term being too generic/descriptive. It has nothing to do with whether they hold IP.
That list doesn't appear to be "legally binding" in a general sense; to me, the way you worded that implies "there is a law saying OSD is the definition of open source in this country" which is very far from the case.
Instead that list appears to be specific cases/situations e.g. how some US states evaluate bids from vendors, or how specific government organizations release software. And many things on that list are just casual references to the OSI/OSD but not laws at all.
I didn't say a trademark isn't a form of IP. I said their application for a trademark was rejected due to "open source" being too generic/descriptive, not due to the reason you directly asserted above ("They don't hold the IP, I don't really see any way they could be granted a trademark on it").
As for the list, see [0].
[0] https://opensource.org/about/authority