Its intresting when you find connections between australian acts and canon law CORPORATIONS ACT 2001 - SECT 64B Enteties connected with a corporation Natural person (2) A natural person is connected with a corporation if, and only if, the corporation: (a) is a trustee of a trust under which the person is capable of benefiting Canon 2039 In terms of essential elements concerning Cestui Que Vie Trusts: (i) A Cestui Que (Vie) Trust may only exist for seventy (70) years being the traditional accepted life expectancy of the estate; and (ii) A Beneficiary under Estate may be either a Beneficiary or a Cestui Que (Vie) Trust. When a Beneficiaryloses direct benefit of any Property of the higher Estate placed in Cestui Que (Vie) Trust on their behalf, they do not “own” the Cestui Que (Vie) Trust and are only the beneficiary of what the Trustees of the Cestui Que (Vie) Trust choose to provide them; and (iii) The original purpose and function of a Cestui Que (Vie) Trust was to form a temporary Estate for thebenefit of another because some event, state of affairs or condition prevented them from claiming their status as living, competent and present before a competent authority. Therefore, any claims, history, statutes or arguments that deviate in terms of the origin and function of a Cestui Que (Vie) Trust as pronounced by these canons is false and automatically null and void. Canon 2040 The Trust Corpus created by a Cestui Que (Vie) is also known as the Estate from two Latin words e+statuo literallymeaning “by virtue of decree, statute or judgment”. However, as the Estate is held in a Temporary not permanentTrust, the (Corporate) Person as Beneficiary is entitled only to equitable title and the use of the Property, rather than legal title and therefore ownership of the Property. Only the Corporation, also known as Body Corporate, Estate andTrust Corpus of a Cestui Que (Vie) Trust possesses valid legal personality. Canon 2041 The Property of any Estate created through a Temporary (Testamentary) Trust may be regarded as under “Cestui Que Use” by the Corporate Person, even if another name or description is used to define the type of trust or use. Therefore “Cestui Que Use is not a Person but a Right and therefore a form of property.
Posted on: Sun, 02 Nov 2014 10:56:50 +0000
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