This is an observable, possible, licit, meritorious, and perfect form of evangelical poverty.

10. And so it is reasonably patent to intelligent men from the aforesaid things that the rule [is], as regards an abdication of this kind, not only observable, possible, and licit, but meritorious and perfect; and more meritorious since by it the professors of the same are distanced greatly from temporal things for the sake of God, as has been said. According to these things, since the friars themselves are to acquire or be given nothing for themselves in particular, the intention of the one conceding [them] is believed to have been truly likewise, even if it was not expressed by the one offering, so that he entirely concedes, bestows and offers, abdicates from himself, and desires to transfer to others according to God the thing of this kind which is offered, conceded or bestowed; nor is there a person, to which in the place of God the dominion of a thing of this kind is fittingly transferred, other than the aforementioned See or person of the Roman Pontiff, the Vicar of Christ, who is the Father of all and nonetheless the special Father of the friars Minor, lest the dominion of such things seem to be uncertain, they may acquire the things offered, conceded or bestowed on themselves, just as a son for [his] father in his own way, the servant for [his] lord, and the monk for [his] monastery; the property and dominion, of every utensil and book, and of those moveable things present and future, which and of which it is lawful for the order, or for the friars themselves to have the usus facti, because it was also judged to have been made by Our predecessor, Pope Innocent IV, of happy memory, We, by [Our] apostolic authority, receive as Our own and that of the Roman Church, and sanction to fully and freely pertain to Ourselves and the same Church by this present Constitution being valid in perpetuity.