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you are here: > Canonum De Ius Positivum
> Article 98
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III. Rights |
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| 3.2 Rights Administration | ||
| Article 98-Temporary Trust | ||
| Canon 2018 | ||
| A Temporary Trust is a valid Trust formed for the express purpose of temporarily administering assets and property in transition from one type of permanent living trust to another, including use in Negotiable Instruments. | ||
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| Canon 2019 | ||
| In accordance with these canons and the sacred Covenant Pactum De Singularis Caelum, all forms of Temporary Testamentary Trusts, Cestui Que (Vie) Trusts, Estates and other forms of trusts for the purpose of administering the assets of a deceased estate are henceforth forbidden by all forms of valid law. | ||
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| Canon 2020 | ||
| Instead, all valid Deeds and Wills of Testament form a valid Temporary Trust not exceeding one hundred and twenty (120) days in life before the trust must be terminated and all assets and property conveyed to another form of valid permanent trust.A Temporary Trust may not convey any property or assets to another Temporary Trust for the same Heirs and Beneficiaries. | ||
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| Canon 2021 | ||
| A Temporary Trust as part of a Negotiable Instrument is permitted to exist beyond one hundred and twenty (120) days when such instrument conforms to the standards of Negotiable Instruments of these canons. | ||
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