January 19, 2006
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]
Labels:
Alienation,
Canon Law