Teachers Paradise School Supplies Teacher Resources Free Encyclopedia
Teachers Paradise FREE Teaching Resources
Home Arts Crafts Audio Visual Equipment Office Supplies Teacher Resources
Main Page | Edit this page

Patrimony of affectation

In the civil law tradition the patrimony of affectation is a patrimony, or legal entitlement, that can be divided for a purpose, as being distinct from the general patrimony of the person. It is similar to the common law concept of the trust in some aspects where property is held by an administrator for the benefit of third parties. The property remains outside the patrimony of the grantor, thus if the grantor become bankrupt or has liabilities, the property remains untouchable and may continue to benefit the intended benificiares.

This article is a stub. You can help Wikipedia by fixing it.




Pay for Educational Supplies & Teaching Supplies with Visa, Master Card, American Express, Discover or Paypal.
TeachersParadise.com HOME | Safe Shopping Guarantee | Help Desk
All trademarks & brands are the property of their respective owners.
Legal Notice 2000-2008 TeachersParadise.com, Inc. All Rights Reserved