Corporate poverty explained

Corporate poverty is the practice of refusing to own property, either individually or corporately. This practice of Middle Ages religious communities developed based on Christian views on poverty and wealth. Practical considerations generally allow for some exceptions.^[1]

See also

• • • Privilegium Paupertatis, 1216 papal bull by Innocent III approving corporate poverty for the Poor Clares

Notes and References

1. Book: Johnston , William M. . Encyclopedia of monasticism, Volume 1. William M. Johnston. 2000. Taylor & Francis. 1-57958-090-4. 429.