Vow of Poverty in Civil and Canon Law

The vow of poverty has many dimensions: spirituality, simplicity, solidarity, work, sustainability, interdependence. The vow of poverty binds members to one another in a common economic unit. Our actions affect one another, for better or for worse. The vow also has raises legal issues under both Civil and Canon Law. Canon 600 gives a theological [...]

Alienation

The amount for alienation of real property and for acts of extraordinary administration (financial transactions that could be adverse to the patrimonial condition of a religious institute, such as indebtedness) is presently $5,705,000. This amount is set pursuant to an indult granted on December 5, 2003, by the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life to the three Conferences of Religious Superiors in the United States (CMSM, LCWR, and CMSWR). The indult established a base amount of $5,000,000 with an annual adjustment linked to the consumer price index as determined by the three Conferences. Only CICLSAL has authority in this matter and has not withdrawn or modified the 2003 indult, nor issued a new indult.

Alienation Limit for 2011

ALIENATION/ADVERSE BUSINESS TRANSACTION LIMITS
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 remains at $5,705,000.
This amount applies only to an alienation or a business transaction within the United States. Alienation and business transactions in other countries must follow the amount set for institutes and societies in each particular country or region. [See canon 638.3].
Informational Note:
Alienation: the present tax usually charged for approval of an alienation is .1% of the actual selling price. Payment must be made in euros and presented to the Congregation prior to receiving the document of approval. Up to now, wire transfers have not been acceptable.
Adverse Business Transaction: the tax now charged seems to be 50 euro.

Canon Law for Religious: Alienation Limit for 2007

For the year 2007, the amount which requires 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 or society is raised to $5,475,000 [the amount in 2005 was $5,165,000, and the amount in 2006 was $5,341,000]. This amount applies only to alienation or business transaction within the United States. Alienation and business transactions in other counties must follow the amount set for institutes and societies in each particular country. [See canons 638.3 and 1292]
Alienation and business transactions in other countries must follow the amount set for institutes and societies in each particular country or region. [See canons 638.3 and 1292].
Alienation Tax: The present tax usually charged for approval of an alienation is .1% of the actual selling price. Payment must be made in euros and presented to the Congregation prior to receiving the document of approval. Up to now, wire transfers have not been acceptable.
Adverse Business Transaction Tax: The tax now charged seems to be 50 euro.

Canon Law for Religious: Alienation Limit for 2006

For the year 2006, the amount which requires 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 or society is raised to $5,341,000 [the amount in 2005 was $5,165,000]. This amount applies only to alienation or business transaction within the United States. Alienation and business transactions in other counties must follow the amount set for institutes and societies in each particular country. [See canons 638.3 and 1292]