The two current duchies in England are the Duchy of Cornwall and the Duchy of Lancaster. Unlike historic duchies, these are no longer coextensive with a distinct geographic area, though they originate in the palatine counties of Cornwall and Lancaster. Rather, they are "Crown bodies," regulated by Acts of Parliament, that have some of the powers of a corporation or trust. They invest primarily in land, and their income is payable either to the monarch or the monarch's eldest son.