15:05
also they had y2k nights, taylor swift (IF UR INTO THAT), a lot of the time they would do album release nights. so like a week after an album there would be a dedicated spin sesh
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Simple English definitions for legal terms
fideicomiso
Read a random definition: Merrill doctrine
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.