February 04, 2008

Annual Increase in Alienation Limit - Canon Law

The amount which requires the approval of the Congregation for Institutes of Consecrated life and Societies of Apostolic Life in cases of alienation of stable patrimony or business transactions which could have an adverse effect on the patrimonial condition of an institute/society is raised to $5,475,000. This amount refers to the appraised value not the actual selling price.