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III. Rights |
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3.1 Rights |
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Article 81-Fealty |
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Canon 1876 |
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Fealty is loyalty and fidelity to the obligations of honorable stewardship accepted with Rights of Use otherwise known as Property. |
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Canon 1877 |
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Obligation of the Executor and their Trustees as Surety is attached to the land therefore the Use of the land as Property contains these Obligations which are the Fealty owed by the Beneficiary as an Owner of Uses (Property). |
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Canon 1878 |
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The degree to which an Executor or Trustee may choose to transfer their obligations into the form of Fealty through Deed and Title is the decision of the Executor or their Trustees, subject to the Deed of the Trust. |
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Canon 1879 |
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Once the obligations of Trustee are transferred into Fealty to a Beneficiary through Deed or Title, the Beneficiary agrees to act as Owner (of Uses) and Surety for some or all of the obligations implied by such Fealty. These obligations may include such demands as the payment of rent, taxes, duties and other duties. |
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Canon 1880 |
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When a Person agrees to act as Owner of Uses and Surety for some or all of the obligations of the Executor or Trustee, then the Executor and their Trustees are immune from any claims of surety and damage unless the Person lawfully surrenders their rights and obligations in which case all obligations under fealty return to the Trustee and all debts and liabilities return to the Executor. |
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Canon 1881 |
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The failure of an Owner of Uses to perform their duties under Fealty usually constitutes a breach of the deed or title granting Property to them. Therefore, an Executor or their Trustees usually have the right to demand the return of any associated Property and the relinquishment of any possession of any associated objects and concepts held in Realty. |
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