se encuentra afecto en propiedad al FIDUCIARIO

English translation: is owned / held by the trustee

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:se encuentra afecto en propiedad al FIDUCIARIO
English translation:is owned / held by the trustee
Entered by: Robert Forstag

19:29 Mar 3, 2014
Spanish to English translations [PRO]
Law/Patents - Law (general) / Trust - Mexico
Spanish term or phrase: se encuentra afecto en propiedad al FIDUCIARIO
Once again from a Mexican Trust Agreement:

Dicho PATRIMONIO DEL FIDEICOMISO se encuentra afecto en propiedad al FIDUCIARIO exclusivamente para los fines señalados en el presente Contrato.


This ownership of the TRUST ESTATE is attached to the TRUSTEE exclusively for the purposes indicated in the present Contract.

Thank you.
Robert Forstag
United States
Local time: 23:20
is owned / held by the trustee
Explanation:
The assets of the 19 other trusts are not at risk (as the corporate trustee owns those trust assets only as a trustee, not beneficially); but; If the company is ...

(https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...


When the assets are vested in the trustee, the trustee has the power to continue to administer the assets even after the bankrupt's discharge from bankruptcy. (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...

13/7/2011 - In every other respect, the very fact of the trust relationship whereby the trust's assets are held in ownership by the trustee serves to protect them ... (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...
Selected response from:

Alejandro Alcaraz Sintes
Spain
Grading comment
Thank you, Alejandro.
4 KudoZ points were awarded for this answer



Summary of answers provided
4under trust deed or trust receipt
Mario Freitas
3is owned / held by the trustee
Alejandro Alcaraz Sintes


  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
is owned / held by the trustee


Explanation:
The assets of the 19 other trusts are not at risk (as the corporate trustee owns those trust assets only as a trustee, not beneficially); but; If the company is ...

(https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...


When the assets are vested in the trustee, the trustee has the power to continue to administer the assets even after the bankrupt's discharge from bankruptcy. (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...

13/7/2011 - In every other respect, the very fact of the trust relationship whereby the trust's assets are held in ownership by the trustee serves to protect them ... (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...

Alejandro Alcaraz Sintes
Spain
Specializes in field
Native speaker of: Spanish
PRO pts in category: 340
Grading comment
Thank you, Alejandro.
Login to enter a peer comment (or grade)

4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
under trust deed or trust receipt


Explanation:
TRUST DEED: real estate under property of a trustee
http://en.wikipedia.org/wiki/Trust_deed
http://www.investopedia.com/terms/t/trustdeed.asp

TRUST RECEIPT: similar, but upon receipt instead of a contract
http://www.investopedia.com/terms/t/trust_receipt.asp
http://www.wisegeek.com/what-is-a-trust-receipt.htm#didyoukn...

Mario Freitas
Brazil
Local time: 00:20
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 30
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search