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Senior Member
usufruct
ab initio
Hello, Property is Rights of Use. The Form of Matter is based on Survey it is NOT the object or concept. Therefore the Survey of the Form of Matter is what is Registered upon the Asset Registry – and the Titles are created. Legal Title and Equitable Title. The Legal Title manages the Rights of Use or manages the Property. And the Equitable Title Uses the Right of Use or Uses the Property.
The Equitable Title is in the Registered Owner. And the State, as Trustee issues a Certificate of Title upon the Registered Owner. Now the Registered Owner may transfer the Right of Use into another Trust; yet the management of the Right of Use never leaves the State!
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Now, I ask the question, what of the Usufruct? What if the equitable title that is Registered in the Asset Registry [Register of Deeds or County Clerk and Recorder] was re-registered into the State? Therefore the State would hold both Legal and Equitable Titles and the Deed might be subject to a man enjoying the Usufruct of the "Form of Matter" - by legal right.
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I ask a second question, what then of fealty?
Last edited by Michael Joseph; 03-18-11 at 02:18 PM.
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