The dominant approach of member's owning the assets of an unincorporated association between themselves is not without problems. Which of the following statements is not one of these valid criticisms?

Question

Quizplus · Accepted Answer

The criticism that it deprives the Crown of assets which it should be entitled to, bona vacantia, is not a valid criticism of the approach that members own the assets of an unincorporated association between themselves. Bona vacantia concerns assets that have no rightful owner and would typically revert to the Crown in such cases. The approach of members owning the assets does not directly relate to this issue, as it establishes ownership among the members rather than leaving assets ownerless.

The Dominant Approach of Member's Owning the Assets of an Unincorporated