asociados

English translation: associates

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:asociados
English translation:associates
Entered by: Joshua Parker

06:34 Jul 25, 2018
Spanish to English translations [PRO]
Law/Patents - Law (general) / escritura pública- fideicomiso de México
Spanish term or phrase: asociados
In a notarial instrument for a Mexican trust (fideicomiso).
Article 106 of the Ley de Instituciones de Crédito.
A las instituciones de crédito les estará prohibido:
...
g) Administrar fincas rústicas, a menos que hayan recibido la administración para distribuir el patrimonio entre herederos, legatarios, *asociados* o acreedores, o para pagar una obligación...

Suggestions for "asociados" in this context? What exactly does it refer to?

Into U.S. English.
Joshua Parker
Mexico
Local time: 12:17
related parties
Explanation:
an option
Selected response from:

Alicia Orfalian
Argentina
Local time: 16:17
Grading comment
Thank you, I used "associates" (thank you Taña & Sergio).
4 KudoZ points were awarded for this answer



Summary of answers provided
3related parties
Alicia Orfalian
Summary of reference entries provided
Refs.
Taña Dalglish

Discussion entries: 1





  

Answers


7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
related parties


Explanation:
an option

Alicia Orfalian
Argentina
Local time: 16:17
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 67
Grading comment
Thank you, I used "associates" (thank you Taña & Sergio).
Login to enter a peer comment (or grade)




Reference comments


4 hrs peer agreement (net): +1
Reference: Refs.

Reference information:
Joshua: The two links below are a translation of Mexico's Credit Institutions Law and are offered only as a guide with the caveat that the translation is NOT an official one.

***This English translation is NOT an official one.*** This translation is for informational purposes only and has been
prepared solely for the convenience of non-Spanish speaking interested parties. The official and legally binding
text is the Spanish version as published in the Federal Official Gazette of the United Mexican States. Any
discrepancies or differences in the English translation are not binding and Banco de México makes no warranties
or representations about its accuracy or completeness and assumes no liability for any errors, omissions or
inaccuracies contained therein.
CREDIT INSTITUTIONS LAW
New Law published in the Federal Official Gazette on July 18, 1990
TEXT IN EFFECT
Last amendment published in the FOG January 10, 2014.



http://www.banxico.org.mx/disposiciones/marco-juridico/legis...
Page 103
g) Managing rural properties, unless they have received the administration in order to
distribute the estate among heirs, legatees, associates or creditors, or to pay an
obligation or to guarantee the performance thereof with the value of such rural
property or its proceeds, and in such cases the administration shall not exceed a
period of two years, except in cases of production trusts or guarantee trusts; and
(Subsection added FOG 06-13-2003. Reformed FOG 02-06-2008)


Mexico: Detailed Assessment Report on Anti-Money Laundering and ...
https://books.google.com.jm/books?id=81Mt9UaGaR0C&pg=PA392&l...
Mexico: Detailed Assessment Report on Anti-Money Laundering and Combating ...
By International Monetary Fund
Article 106, page 392: "Managing rural property, ... guarantee or production trusts. Any agreement contrary to the provisions in the preceding paragraphs will be null and void."

Taña Dalglish
Jamaica
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 500

Peer comments on this reference comment (and responses from the reference poster)
agree  AllegroTrans: It is so important in legal translation to look at background legislation
4 days
  -> Thanks.
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