ziero0
9th November 2021, 05:35 AM
Legal fictions own legal fictions.
The Rule Against Perpetuities requires legal fictions have three choices at lifetime plus 21 years
They can cease being
They can reorganize under a different name and a new creator
They can take on the attributes of a charitable trust
Lifetime refers to the end of life of the creator (a god like power).* Twenty one years after the creator becomes dead means if he created the legal fiction as a child the maximum life of a legal fiction is 99 years.
Hardly the timeframe to 'own the world'!!
Those legal fictions that are designated perpetual don't have the option to wait 99 years for charitable trust status. Their founders opt to be dead immediately. So it is with the United States.
The Rule Against Perpetuities requires legal fictions have three choices at lifetime plus 21 years
They can cease being
They can reorganize under a different name and a new creator
They can take on the attributes of a charitable trust
Lifetime refers to the end of life of the creator (a god like power).* Twenty one years after the creator becomes dead means if he created the legal fiction as a child the maximum life of a legal fiction is 99 years.
Hardly the timeframe to 'own the world'!!
Those legal fictions that are designated perpetual don't have the option to wait 99 years for charitable trust status. Their founders opt to be dead immediately. So it is with the United States.