Glossary entry (derived from question below)
Spanish term or phrase:
cuotas iguales o desiguales
English translation:
equal or unequal proportions
Added to glossary by
Charles Davis
Mar 7, 2015 20:26
9 yrs ago
6 viewers *
Spanish term
Spain
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cuotas iguales o desiguales
Spanish to English
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Law (general)
From the statutes of a foundation:
Los bienes y rentas de la Fundación se entenderán afectos y adscritos, sin determinación de cuotas iguales o desiguales, a la realización del fin para el cual se constituye la Fundación
I don't understand what these 'cuotas' are adding to the the idea that the Foundations revenue shall be understood to be assigned and allocated to the realisation of its stated aims
Los bienes y rentas de la Fundación se entenderán afectos y adscritos, sin determinación de cuotas iguales o desiguales, a la realización del fin para el cual se constituye la Fundación
I don't understand what these 'cuotas' are adding to the the idea that the Foundations revenue shall be understood to be assigned and allocated to the realisation of its stated aims
Proposed translations
(English)
| 4 | equal or unequal proportions |
Charles Davis
|
| 3 | (the founders') equal or unequal contributions |
Adrian MM. (X)
|
Change log
Mar 12, 2015 09:05: Charles Davis Created KOG entry
Proposed translations
48 mins
Selected
equal or unequal proportions
What it means is that the foundation's funds must be used for the purposes for which it was constituted, but there is no obligation to divide them equally, or in any fixed proportion, among those purposes. Subject to any other provisions the foundation may devote as much or as little of its funds to each prescribed purpose as it may decide at any given moment.
The heading of the following similar provision clarifies what they're talking about:
"Artículo 35. Inexistencia de la obligación de destinar los recursos a la cobertura de fines por iguales partes.
Los recursos de la Fundación se entenderán afectos o adscritos sin determinación de cuotas a la realización de los fines fundacionales."
And later:
"3. La adscripción del patrimonio fundacional a la consecución de los fines de interés general señalados en los presentes Estatutos tiene carácter común e indiviso, esto es, sin asignación de partes o cuotas, iguales o desiguales, de la dotación y rentas fundacionales a cada uno de ellos. En consecuencia, la Fundación no podrá ser obligada a dividir o distribuir dotación o rentas entre los distintos objetivos que persigue, ni aplicarlos a uno o varios determinados."
http://www.madrid.es/portales/munimadrid/es/Inicio/Ayuntamie...
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Note added at 52 mins (2015-03-07 21:18:25 GMT)
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In other words, if the foundation's constitution says that its funds must be used for A, B, C and D, there's no obligation to give 25% of its funds to each, nor indeed to adhere to any other proportion. The trustees can spend the whole lot on A, if they wish, or A one year and C and D the next, or whatever. What they can't do is spend the foundation's funds on anything other than A, B, C and D.
The heading of the following similar provision clarifies what they're talking about:
"Artículo 35. Inexistencia de la obligación de destinar los recursos a la cobertura de fines por iguales partes.
Los recursos de la Fundación se entenderán afectos o adscritos sin determinación de cuotas a la realización de los fines fundacionales."
And later:
"3. La adscripción del patrimonio fundacional a la consecución de los fines de interés general señalados en los presentes Estatutos tiene carácter común e indiviso, esto es, sin asignación de partes o cuotas, iguales o desiguales, de la dotación y rentas fundacionales a cada uno de ellos. En consecuencia, la Fundación no podrá ser obligada a dividir o distribuir dotación o rentas entre los distintos objetivos que persigue, ni aplicarlos a uno o varios determinados."
http://www.madrid.es/portales/munimadrid/es/Inicio/Ayuntamie...
--------------------------------------------------
Note added at 52 mins (2015-03-07 21:18:25 GMT)
--------------------------------------------------
In other words, if the foundation's constitution says that its funds must be used for A, B, C and D, there's no obligation to give 25% of its funds to each, nor indeed to adhere to any other proportion. The trustees can spend the whole lot on A, if they wish, or A one year and C and D the next, or whatever. What they can't do is spend the foundation's funds on anything other than A, B, C and D.
4 KudoZ points awarded for this answer.
Comment: "Many thanks Charles and Adrian, two great answers and explanations"
57 mins
(the founders') equal or unequal contributions
(implied) ...de participación = shares of contribution and not 'share titles'.
... bienes y rentas > the assets and income bypass the founders' contributions, whether equal or unequal, and shall be deemed assigned and appropriated to the attainment of the foundational purpose, namely no one takes a proportionate rake-off inbetween.
Quaere: whether the statutes or bye-laws go on to provide for an unequal share-out on dissolution of the foundation cf. unincorporated associations in UK law.
... bienes y rentas > the assets and income bypass the founders' contributions, whether equal or unequal, and shall be deemed assigned and appropriated to the attainment of the foundational purpose, namely no one takes a proportionate rake-off inbetween.
Quaere: whether the statutes or bye-laws go on to provide for an unequal share-out on dissolution of the foundation cf. unincorporated associations in UK law.
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