Articles 433-491

Property with a Specific Destination

BOOK I - PERSONS · TITLE III. BODIES CORPORATE AND PROPERTY with A SPECIFIC DESTINATION

BODIES CORPORATE AND PROPERTY with A SPECIFIC DESTINATION

Articles

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Article 433Definition Article 434Forms Article 435Administrative Approval Necessary Article 436Application of Approval. - 1. During Lifetime of Founder Article 4372. After his Death Article 438Revocation of Act of Endowment Article 439Retroactivity of Approval Article 440Protection and Control of Endowment Article 441Statutes of Endowment Article 442Management Article 443Committee of Management Article 444Functions of Committee of Management Article 445Amendments of Statutes. - 1. Principle Article 4462. Prohibition by Founder Article 447Meetings of Committee Article 448Decisions of Committee Article 449Rights and Obligations of Endowment Article 450Rights of Beneficiaries of Endowment Article 451Termination of Endowment Article 452Amalgamation of Several Endowments Article 453Liquidation and Control Article 454Need of Authorization Article 455Organization of Committee Article 456Gifts and Subscriptions Article 457Liability of Members Article 458Termination of Committee Article 459Dissolution of Committee Article 460Liquidation. - 1. Insufficient Property Article 4612. Balance Article 462Change into an Endowment Article 463Definition Article 464Form Article 465Beneficiary of Trust Article 466Number of Trustees Article 467Appointment of Trustee Article 468Resignation of Trustee Article 469Dismissal of Trustee Article 470Proof of Trusteeship Article 471Several Trustees Article 472Administration of Trust Article 473Judicial Representation of Trust Article 474Powers of Trustee Article 475Directions of Settlor. - 1. Principle Article 4762. Sanctions Article 477Replacement of Property Article 478No Personal Benefit Article 479Indemnity Article 480Liability of Trustee Article 481Rendering of Accounts. - 1. To Whom it is Made Article 4822. When Article 483Creditors of Trustee Article 484Creditors of the Trust Article 485Rights of Beneficiary. - 1. In Relation to the Trustee Article 4862. On the Property of the Trust Article 487Creditors of Beneficiary. - 1. Principle Article 4882. Power of the Court Article 489Termination of the Trust. - 1. Normal Case Article 4902. Power of the Court Article 491Liquidation of the Trust