V.   Sacraments

Expiration is the seventh of the seven (7) Key Sacraments also known as the Keys of Heaven. The Sacrament of Expiration is the Key that unlocks the Living Virtue of Wisdom. It is present in all fourteen of the Cardinal Sacraments and specifically in the most sacred Apostolic Life Sacrament of Remembrance. The Sacrament of Expiration may also be granted and conferred on its own in accordance with these Canons and associated approved liturgy.

The purpose of the sacrament of Expiration is the formal remittance and transfer of all Rights to a person, emancipating them of any and all obligations. The meaning of Expiration is derived from the Latin word expiro meaning “to breath out, exhale, emit, to come to an end”.

The sacrament of Expiration comprises the completion of three separate and deliberate Acts in order: Act One being the Act of Conclusion, Act Two being the Act of Termination and Act Three being the Act of Emancipation:

(i) The Act of Conclusion as Act One is the formal pronouncement of the end of some obligation, performance, entity or agreement; and

(ii) The Act of Termination as Act Two is the liquidation of outstanding obligations, the balancing of any debts against assets and the permanent dissolution of formal bonds and ties; and

(iii) The Act of Emancipation as Act Three is the release of any remaining assets and associated bonds to previous fiduciary holders or beneficiaries.