Editing Constitution of Urabba Parks/Covering clause 3
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12. In this Constitution, the Management is the entity that represents the perpetual succession of the jurisdiction; the Management in Right of Urabba Parks is inseparable from Urabba Parks. Essentially the Management is the internal legal equivalent to the Crown. | 12. In this Constitution, the Management is the entity that represents the perpetual succession of the jurisdiction; the Management in Right of Urabba Parks is inseparable from Urabba Parks. Essentially the Management is the internal legal equivalent to the Crown. | ||
13. Foundation in an entity is a legal right which can only be held by virtue of laws made by or having effect over the entity. In order a person to hold foundation, the person must be a state jurisdiction (which can make a law having effect over an entity, referred to as a ''fundator incipiens''), or be a member of an entity who holds the right under the entity’s constitutional structure to succeed (referred to a ''fundator perficiens''). For example, Her Majesty the Queen, as the enacting component of the Parliament of the Commonwealth of Australia, has Foundation in Urabba Parks (as '' | 13. Foundation in an entity is a legal right which can only be held by virtue of laws made by or having effect over the entity. In order a person to hold foundation, the person must be a state jurisdiction (which can make a law having effect over an entity, referred to as a ''fundator incipiens''), or be a member of an entity who holds the right under the entity’s constitutional structure to succeed (referred to a ''fundator perficiens''). For example, Her Majesty the Queen, as the enacting component of the Parliament of the Commonwealth of Australia, has Foundation in Urabba Parks (as ''fundator incipiens'') because Urabba Parks derives its existence by registration under the Corporations Act 2001 of the Parliament of the Commonwealth. | ||
14. A person may also hold foundation through entities where foundation is held by the person. The Enactor will hold foundation in Urabba Parks by way of holding foundation in D.J. Racovolis Services Proprietary Limited, which in turn holds the share of foundation membership succeeding to the Management. See note 279(Y) for more information on foundation membership. | 14. A person may also hold foundation through entities where foundation is held by the person. The Enactor will hold foundation in Urabba Parks by way of holding foundation in D.J. Racovolis Services Proprietary Limited, which in turn holds the share of foundation membership succeeding to the Management. See note 279(Y) for more information on foundation membership. |