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Simple English definitions for legal terms

fideicomiso

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A quick definition of fideicomiso:

Term: FIDEICOMISO

Definition: A fideicomiso is a type of trust established in Mexico for the purpose of acquiring property. The trust is managed by a Mexican bank, while the beneficiary (who may be the person who set up the trust) has all the rights and responsibilities of direct ownership. This means they can lease, sell, or pass on the property. A Mexican fideicomiso usually lasts for 50 years and can be renewed for another 50 years.

A more thorough explanation:

A fideicomiso is a type of trust established under Mexican law. It is used to acquire property in Mexico with a Mexican bank acting as the trustee and a non-Mexican person as the beneficiary. The property is held in the name of the trust, but the beneficiary has all the rights and obligations of direct ownership, including the power to lease, sell, or devise the property. A Mexican fideicomiso usually lasts for 50 years and can be renewed for another 50 years.

For example, if a non-Mexican person wants to buy a beachfront property in Mexico, they cannot do so directly. Instead, they must establish a fideicomiso with a Mexican bank as the trustee. The bank will hold the property in trust for the beneficiary, who has all the rights of ownership.

Another example is if a non-Mexican person wants to invest in a Mexican business that owns property. They can establish a fideicomiso to hold the property in trust for them, giving them the same rights as if they owned the property directly.

These examples illustrate how a fideicomiso can be used to allow non-Mexican persons to acquire and own property in Mexico, while complying with Mexican law.

fide-committee | fidei-commissarius

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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