Showing posts with label usufructuary. Show all posts
Showing posts with label usufructuary. Show all posts

Tuesday, September 24, 2013

Usufructuary

By: Rick Carne
in the beginning they seize title to the name and therefore, they have given you that name to use in their system where you will always maintain complete indemnity from it. That the state has basically took on full liability for anything one does in that name. You are just using it. They gave you a certificate of it so obviously they authorized you to use it and anything you do in that name, the state receives all benefits from it therefore, the state has all liability for it. The problem is everyone is going in believing they are that name or believing that is their name and by making claim to that name the state is just stepping back and saying Great, thanks for volunteering. You want the liability we'll let you have it.

The liability stays with the one who benefits. So anything that you purchase, anything that you buy in that name, is then property of the state cause they're the beneficiary.

They get to have all the major items you buy registered to the state and they securitize off of the titles and deeds. You open bank accounts in the name, and sign all those checks in the name and the state gets to securitize off all that paper... http://www.thefreedictionary.com/Usufructuary

http://www.thefreedictionary.com/usufructuary+rights

Wednesday, June 26, 2013

And if you don't understand usufruct, yous a fruked!

By: Rick Carne
Where do you think you fit into this in respect to the State...USUFRUCT, in Roman-based legal systems, the temporary right to the use and enjoyment of the property of another, without changing the character of the property. This legal concept developed in Roman law and found significant application in the determination of the property interests between a slave held under a usus fructus (Latin: “use and enjoyment”) bond and a temporary master. Any property acquired by a slave as a result of his labour legally belonged to that master.

Modern civil-law systems recognize two types of usufructs. The perfect usufruct includes only those things that a usufructuary (one who holds property under right of usufruct) can use without changing their substance, such as land, buildings, or movable objects; the substance of the property, however, may be altered naturally over time and by the elements. The quasi-, or imperfect, usufruct includes property that is consumable or expendable, such as money, agricultural products, and the like, which would be of no advantage to the usufructuary if he could not consume them, expend them, or change their substance.

The term usufruct never found its way into the English common law, although certain general similarities can be found in the common-law concept of estate.


Definition from Bouvier's Law Dictionary 1856 Edition
USUFRUCT, civil law. The right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility and advantage which it may produce, provided it be without altering the substance of the thing.
2. The obligation of not altering the substance of the thing, however, takes place only in the case of a complete usufruct.

3. Usufructs are of two kinds; perfect and imperfect. Perfect usufruct, which is of things which the usufructuary can enjoy without altering their substance, though their substance may be diminished or deteriorated naturally by time or by the use to which they are applied; as a house, a piece of land, animals, furniture and other movable effects. Imperfect or quasi usufruct, which is of things which would be useless to the usufructuary if be did not consume and expend them, or change the substance of them, as money, grain, liquors. Civ. Code of Louis. art. 525, et seq.; 1 Browne's Civ. Law, 184; Poth. Tr. du Douaire, n. 194; Ayl. Pand. 319; Poth. Pand. tom. 6, p. 91; Lecons El. du Dr. Civ. Rom. 414 Inst. lib. 2, t. 4; Dig. lib. 7, t. 1, 1. 1 Code, lib. 3, t. 33; 1 Bouv. Inst. Theolo. ps. 1, c. 1, art. 2, p. 76.