diff --git a/cmd/mesh-controller/push.go b/cmd/mesh-controller/push.go
index 3f5f73f..13c587e 100644
--- a/cmd/mesh-controller/push.go
+++ b/cmd/mesh-controller/push.go
@@ -898,6 +898,21 @@ func raiseTheBus(ctx context.Context, inv *inventory.Inventory, address string)
 	if err := broker.RaiseSeats(js, inventory.MeshSeats(), holders); err != nil {
 		return err
 	}
+	// Every module's state (novox/hq ADR 0201), from the catalogue: a bucket exists from
+	// registration, so a module reading one may watch it before its owner runs anywhere. One that
+	// nothing declares any more is said and kept — what it holds is data.
+	buckets, err := inv.DeclaredBuckets(ctx)
+	if err != nil {
+		return err
+	}
+	undeclared, err := broker.RaiseBuckets(js, buckets)
+	if err != nil {
+		return err
+	}
+	if len(undeclared) > 0 {
+		fmt.Printf("the bus holds state nothing declares any more, kept because it is data: %s — "+
+			"removing it is a person's act\n", strings.Join(undeclared, ", "))
+	}
 	// And how every module hears what it consumes. Derived from the same records the user list is
 	// composed from, so a module the mesh grants a consumer's subjects has that consumer waiting.
 	// Done on every raise, not only when a credential is issued: every module moved onto this bus
@@ -921,8 +936,8 @@ func raiseTheBus(ctx context.Context, inv *inventory.Inventory, address string)
 		}
 		hearing++
 	}
-	fmt.Printf("the bus at %s has its streams, %d machine(s) can hear a declaration, and %d module(s) "+
-		"can hear what they consume\n", broker.BareAddress(address), len(names), hearing)
+	fmt.Printf("the bus at %s has its streams, %d machine(s) can hear a declaration, %d module(s) "+
+		"can hear what they consume, and %d bucket(s) of state\n", broker.BareAddress(address), len(names), hearing, len(buckets))
 	return nil
 }
 
diff --git a/internal/broker/jetstream.go b/internal/broker/jetstream.go
index cf86519..20b5479 100644
--- a/internal/broker/jetstream.go
+++ b/internal/broker/jetstream.go
@@ -1,6 +1,7 @@
 package broker
 
 import (
+	"context"
 	"crypto/sha256"
 	"crypto/tls"
 	"crypto/x509"
@@ -12,6 +13,7 @@ import (
 	"time"
 
 	"github.com/nats-io/nats.go"
+	"github.com/nats-io/nats.go/jetstream"
 )
 
 // The JetStream side of the controller: the one place the mesh's streams and consumers are
@@ -316,3 +318,50 @@ func retentionOf(r Retention) nats.RetentionPolicy {
 		return nats.LimitsPolicy
 	}
 }
+
+// EnsureBucket creates a module's bucket if it is absent and brings its options to match if it is
+// present (novox/hq ADR 0201).
+//
+// **An update, never a delete and recreate**, for the reason a stream is updated: recreating
+// discards what the bucket holds, and what a module's state holds is data. The mesh's caps are
+// asserted with the owner's options, so a bucket made by hand converges to them.
+func (j *JetStream) EnsureBucket(b Bucket) error {
+	history := b.History
+	if history == 0 {
+		history = 1
+	}
+	js, err := jetstream.New(j.conn)
+	if err != nil {
+		return err
+	}
+	ctx, cancel := context.WithTimeout(context.Background(), 10*time.Second)
+	defer cancel()
+	if _, err := js.CreateOrUpdateKeyValue(ctx, jetstream.KeyValueConfig{
+		Bucket:       b.Bucket(),
+		Description:  b.Why(),
+		History:      uint8(history),
+		TTL:          time.Duration(b.TTLSeconds) * time.Second,
+		MaxValueSize: StateMaxValueBytes,
+		MaxBytes:     StateMaxBytes,
+		Storage:      jetstream.FileStorage,
+	}); err != nil {
+		return fmt.Errorf("asserting bucket %s: %w", b.Bucket(), err)
+	}
+	return nil
+}
+
+// BucketNames is every key-value bucket on the server, the mesh's and anybody else's.
+func (j *JetStream) BucketNames() ([]string, error) {
+	js, err := jetstream.New(j.conn)
+	if err != nil {
+		return nil, err
+	}
+	ctx, cancel := context.WithTimeout(context.Background(), 10*time.Second)
+	defer cancel()
+	lister := js.KeyValueStoreNames(ctx)
+	var out []string
+	for name := range lister.Name() {
+		out = append(out, name)
+	}
+	return out, lister.Error()
+}
diff --git a/internal/broker/membership.go b/internal/broker/membership.go
index 8cf9b98..2fca555 100644
--- a/internal/broker/membership.go
+++ b/internal/broker/membership.go
@@ -45,6 +45,11 @@ type Membership struct {
 	// module that must tell the mesh from the world, the route proxy serving an internal name, reads
 	// it here rather than keeping a definition of its own.
 	Mesh []string `json:"mesh,omitempty"`
+	// State is every bucket this module's code may reach, by the name it uses for each, and whether
+	// it may write it (novox/hq ADR 0201): the runtime answers a bundle's state verbs from this list
+	// and refuses, with the reason, what is not on it — the bus enforces only the union over every
+	// module on the machine.
+	State []StateIssued `json:"state,omitempty"`
 }
 
 // Served is one address a tool is answered on.
@@ -103,6 +108,7 @@ func MembershipFor(node string, d Declared, where Placements) Membership {
 			m.Seats = append(m.Seats, SeatServed{Seat: s.Name, Verb: verb, Subject: seatToolSubject(s, verb, node)})
 		}
 	}
+	m.State = stateIssuedFor(d)
 	if len(d.Invokes) > 0 {
 		m.Reaches = map[string][]string{}
 		for _, t := range d.Invokes {
diff --git a/internal/broker/nats.go b/internal/broker/nats.go
index 86ecace..556f8e3 100644
--- a/internal/broker/nats.go
+++ b/internal/broker/nats.go
@@ -103,6 +103,12 @@ type Principal struct {
 	// permission and nothing beside it.
 	Invokes []string
 
+	// State is the local names of the state this principal's module keeps, and Reads the state of
+	// others it reads as `<module>.<name>` (novox/hq ADR 0201): a bucket each, kept by the owner's
+	// instances and read by whoever declares it.
+	State []string
+	Reads []string
+
 	// PasswordHash is the bcrypt hash the mesh minted. The plaintext is sealed to the principal
 	// and never appears here: this file is written to a node's disk and read by a server, and a
 	// secret that can be read from a configuration file is a secret with a wider blast radius
@@ -421,6 +427,10 @@ func PermissionsFor(p Principal) (Permissions, error) {
 			}
 		}
 
+		// 5. Its state, and the state of others it reads (novox/hq ADR 0201): every one read and
+		//    watched, its own written too.
+		pub = append(pub, stateGrants(p.Module, p.State, p.Reads)...)
+
 	case KindNodeTools:
 		// **One process serves what every module on the machine would have served for itself**
 		// (novox/hq ADR 0175). Each carried module's whole tool namespace — the same grant that
@@ -487,6 +497,13 @@ func PermissionsFor(p Principal) (Permissions, error) {
 				"$JS.API.CONSUMER.MSG.NEXT."+stream+"."+durable,
 				"$JS.ACK."+stream+"."+durable+".>")
 		}
+		// **And it keeps and reads state for the modules it carries** (novox/hq ADR 0201): the union
+		// of what each may do with a bucket — an owner's write, a reader's read. That one module's code
+		// does not write another's bucket through it is the runtime's to keep, from the membership
+		// each assignment is issued, as it keeps each module's events under that module's own name.
+		for _, d := range p.Carries {
+			pub = append(pub, stateGrants(d.Module, stateNames(d.State), d.Reads)...)
+		}
 		sub = unique(sub)
 		pub = unique(pub)
 	}
diff --git a/internal/broker/state.go b/internal/broker/state.go
new file mode 100644
index 0000000..0324543
--- /dev/null
+++ b/internal/broker/state.go
@@ -0,0 +1,169 @@
+package broker
+
+import (
+	"fmt"
+	"sort"
+	"strings"
+)
+
+// A module's state on the bus (novox/hq ADR 0201, design 32 §4, design 25 §3).
+//
+// A module names the state it keeps (`state`) and the state of others it reads (`reads`), and each
+// is a key-value bucket: the server's own last-per-subject stream with direct reads, delete markers
+// and watches, which is the state relationship the mesh already uses for declarations, opened to
+// modules. The controller creates every bucket from the catalogue — from registration, like a
+// seat's stream, so a reader may watch before the owner runs anywhere — and no module can.
+//
+// Pure, like everything else in this package that decides what the bus holds; jetstream.go is the
+// part that asks a server.
+
+// The mesh's caps on a bucket, the same for every module: a value is a piece of state, not a file,
+// and a bucket that grew without bound would be one module filling the bus's disk for everyone.
+const (
+	StateMaxValueBytes = 256 * 1024
+	StateMaxBytes      = 64 * 1024 * 1024
+)
+
+// A Bucket is one module's declared state as the bus holds it.
+type Bucket struct {
+	Module string
+	Name   string
+	// History is how many values a key keeps; zero is one.
+	History int
+	// TTLSeconds is how long a value lives; zero is until replaced or deleted.
+	TTLSeconds int
+}
+
+// BucketName is the bucket a module's state lives in: the module and the local name joined by an
+// underscore, which neither may contain, so two modules can never derive one bucket.
+func BucketName(module, name string) string { return module + "_" + name }
+
+// Bucket is this bucket's name on the bus.
+func (b Bucket) Bucket() string { return BucketName(b.Module, b.Name) }
+
+// Why is carried into the server's description of the bucket, so somebody reading the server's
+// own state finds whose it is and why it is kept.
+func (b Bucket) Why() string {
+	return fmt.Sprintf("%s's state %q (novox/hq ADR 0201): its current value per key, written by %s, "+
+		"read by whatever declares it reads it; kept when %s is unassigned, because it is data",
+		b.Module, b.Name, b.Module, b.Module)
+}
+
+// bucketOfRead is the bucket a read names, `<module>.<name>`, or false when it names none.
+func bucketOfRead(read string) (string, bool) {
+	at := strings.LastIndex(read, ".")
+	if at <= 0 || at == len(read)-1 {
+		return "", false
+	}
+	module, name := read[:at], read[at+1:]
+	if !safeSubject.MatchString(module) || !safeSubject.MatchString(name) {
+		return "", false
+	}
+	return BucketName(module, name), true
+}
+
+// stateGrants is what a principal publishes to reach the state its modules keep and read: for every
+// bucket, binding to it, reading a key directly, and an ordered consumer for listing and watching,
+// created and deleted on the bucket's own stream, with its flow control answered; for a bucket an
+// owner keeps, writing under the bucket's own subjects too.
+//
+// **Measured against a running server, 2026-10-04** (novox/hq research 024), and each one is there
+// because leaving it out failed: without STREAM.INFO nothing binds; without DIRECT.GET nothing is
+// read; without CONSUMER.CREATE no key is listed and nothing is watched; without CONSUMER.DELETE a
+// watch cannot be stopped and lingers on the server. A write outside these is refused by the server
+// — and reaches the writer as a timeout, not a refusal, which is why the runtime refuses first.
+func stateGrants(module string, keeps []string, reads []string) []string {
+	var out []string
+	read := func(bucket string) {
+		stream := "KV_" + bucket
+		out = append(out,
+			"$JS.API.STREAM.INFO."+stream,
+			"$JS.API.DIRECT.GET."+stream+".>",
+			"$JS.API.CONSUMER.CREATE."+stream+".>",
+			"$JS.API.CONSUMER.DELETE."+stream+".>",
+			"$JS.FC."+stream+".>")
+	}
+	for _, name := range keeps {
+		if !safeSubject.MatchString(name) {
+			continue
+		}
+		bucket := BucketName(module, name)
+		read(bucket)
+		out = append(out, "$KV."+bucket+".>")
+	}
+	for _, r := range reads {
+		if bucket, ok := bucketOfRead(r); ok {
+			read(bucket)
+		}
+	}
+	return out
+}
+
+// StateIssued is one bucket an assignment may reach, by the name its module uses for it: its own
+// state by the local name, another's as `<module>.<name>` (novox/hq ADR 0201).
+type StateIssued struct {
+	Name   string `json:"name"`
+	Bucket string `json:"bucket"`
+	Writes bool   `json:"writes,omitempty"`
+}
+
+// stateIssuedFor is every bucket a module's code may reach, as its membership lists them.
+func stateIssuedFor(d Declared) []StateIssued {
+	var out []StateIssued
+	for _, b := range d.State {
+		out = append(out, StateIssued{Name: b.Name, Bucket: BucketName(d.Module, b.Name), Writes: true})
+	}
+	for _, r := range d.Reads {
+		if bucket, ok := bucketOfRead(r); ok {
+			out = append(out, StateIssued{Name: r, Bucket: bucket})
+		}
+	}
+	return out
+}
+
+// stateNames is the local names of a module's own buckets.
+func stateNames(buckets []Bucket) []string {
+	out := make([]string, 0, len(buckets))
+	for _, b := range buckets {
+		out = append(out, b.Name)
+	}
+	return out
+}
+
+// A BucketAsserter is the part of a JetStream connection bucket assertion needs.
+type BucketAsserter interface {
+	// EnsureBucket creates the bucket if absent and brings its options to match if present, never
+	// discarding what it holds.
+	EnsureBucket(b Bucket) error
+	// BucketNames is every key-value bucket on the server.
+	BucketNames() ([]string, error)
+}
+
+// RaiseBuckets asserts every declared bucket and answers the buckets on the server that nothing
+// declares any more.
+//
+// **Those are reported, never removed** (novox/hq ADR 0201, ADR 0030): what a module stored is
+// data, and a manifest edited, a module renamed or a catalogue entry dropped is an ordinary day's
+// work that must not take data with it. Removing one is a person's act.
+func RaiseBuckets(a BucketAsserter, buckets []Bucket) (undeclared []string, err error) {
+	sorted := append([]Bucket(nil), buckets...)
+	sort.Slice(sorted, func(i, j int) bool { return sorted[i].Bucket() < sorted[j].Bucket() })
+	declared := map[string]bool{}
+	for _, b := range sorted {
+		if err := a.EnsureBucket(b); err != nil {
+			return nil, fmt.Errorf("asserting %s's state %q: %w", b.Module, b.Name, err)
+		}
+		declared[b.Bucket()] = true
+	}
+	names, err := a.BucketNames()
+	if err != nil {
+		return nil, fmt.Errorf("listing the bus's state: %w", err)
+	}
+	for _, n := range names {
+		if !declared[n] {
+			undeclared = append(undeclared, n)
+		}
+	}
+	sort.Strings(undeclared)
+	return undeclared, nil
+}
diff --git a/internal/broker/state_test.go b/internal/broker/state_test.go
new file mode 100644
index 0000000..ba78ebb
--- /dev/null
+++ b/internal/broker/state_test.go
@@ -0,0 +1,166 @@
+package broker
+
+import (
+	"slices"
+	"strings"
+	"testing"
+
+	"github.com/nats-io/nats.go"
+)
+
+// The grants measured against a running server (novox/hq research 024): an owner reads and writes
+// its bucket, a reader only reads, and neither reaches any other bucket.
+func TestAnOwnerWritesItsStateAndAReaderOnlyReads(t *testing.T) {
+	owner, err := PermissionsFor(Principal{Kind: KindModule, Node: "one", Module: "claude-code",
+		State: []string{"servers"}, PasswordHash: "x"})
+	if err != nil {
+		t.Fatal(err)
+	}
+	for _, s := range []string{
+		"$KV.claude-code_servers.>",
+		"$JS.API.STREAM.INFO.KV_claude-code_servers",
+		"$JS.API.DIRECT.GET.KV_claude-code_servers.>",
+		"$JS.API.CONSUMER.CREATE.KV_claude-code_servers.>",
+		"$JS.API.CONSUMER.DELETE.KV_claude-code_servers.>",
+		"$JS.FC.KV_claude-code_servers.>",
+	} {
+		has(t, owner.Publish, s)
+	}
+	hasNot(t, owner.Publish, "$KV.>")
+	hasNot(t, owner.Publish, "$JS.API.>")
+
+	reader, err := PermissionsFor(Principal{Kind: KindModule, Node: "one", Module: "console",
+		Reads: []string{"claude-code.servers"}, PasswordHash: "x"})
+	if err != nil {
+		t.Fatal(err)
+	}
+	has(t, reader.Publish, "$JS.API.DIRECT.GET.KV_claude-code_servers.>")
+	has(t, reader.Publish, "$JS.API.CONSUMER.CREATE.KV_claude-code_servers.>")
+	hasNot(t, reader.Publish, "$KV.claude-code_servers.>")
+	for _, s := range reader.Subscribe {
+		if s == "$KV.claude-code_servers.>" {
+			t.Fatalf("a reader subscribes the bucket's subjects directly: %v", reader.Subscribe)
+		}
+	}
+}
+
+// One runtime carries every module on its machine, so its grant is the union: the owner's write
+// where an owner is carried, a read where only a reader is.
+func TestTheRuntimeKeepsAndReadsStateForItsModules(t *testing.T) {
+	perms, err := PermissionsFor(Principal{Kind: KindNodeTools, Node: "one", Module: RuntimeModule,
+		Carries: []Declared{
+			{Module: "claude-code", State: []Bucket{{Module: "claude-code", Name: "servers"}},
+				Reads: []string{"licence-manager.bindings"}},
+			{Module: "audit"},
+		}, PasswordHash: "x"})
+	if err != nil {
+		t.Fatal(err)
+	}
+	has(t, perms.Publish, "$KV.claude-code_servers.>")
+	has(t, perms.Publish, "$JS.API.DIRECT.GET.KV_licence-manager_bindings.>")
+	hasNot(t, perms.Publish, "$KV.licence-manager_bindings.>")
+}
+
+// A module with no state is granted nothing of any bucket — the composition of every module that
+// existed before this is unchanged.
+func TestAModuleWithNoStateReachesNoBucket(t *testing.T) {
+	perms, err := PermissionsFor(Principal{Kind: KindModule, Node: "one", Module: "billing",
+		Emits: []string{"order.placed"}, PasswordHash: "x"})
+	if err != nil {
+		t.Fatal(err)
+	}
+	for _, s := range perms.Publish {
+		if strings.HasPrefix(s, "$KV.") || strings.HasPrefix(s, "$JS.FC.") || strings.Contains(s, ".KV_") {
+			t.Fatalf("granted %q without declaring state", s)
+		}
+	}
+}
+
+// A read that names no bucket grants nothing rather than something that happens to parse.
+func TestAReadThatNamesNoBucketGrantsNothing(t *testing.T) {
+	if got := stateGrants("a", nil, []string{"nodot", "x.", ".y", "a.b>"}); len(got) != 0 {
+		t.Fatalf("granted %v for reads that name no bucket", got)
+	}
+}
+
+// The membership lists every bucket the module's code may reach, by the name the module uses for
+// it, and whether it may write it — the list the runtime refuses from.
+func TestAMembershipListsTheStateItsModuleMayReach(t *testing.T) {
+	m := MembershipFor("one", Declared{Module: "claude-code",
+		State: []Bucket{{Module: "claude-code", Name: "servers"}},
+		Reads: []string{"licence-manager.bindings"}}, Placements{})
+	want := []StateIssued{
+		{Name: "servers", Bucket: "claude-code_servers", Writes: true},
+		{Name: "licence-manager.bindings", Bucket: "licence-manager_bindings"},
+	}
+	if !slices.Equal(m.State, want) {
+		t.Fatalf("issued %+v, want %+v", m.State, want)
+	}
+	if none := MembershipFor("one", Declared{Module: "audit"}, Placements{}); none.State != nil {
+		t.Fatalf("a module with no state was issued %+v", none.State)
+	}
+}
+
+type buckets struct {
+	ensured []string
+	on      []string
+}
+
+func (b *buckets) EnsureBucket(x Bucket) error {
+	b.ensured = append(b.ensured, x.Bucket())
+	return nil
+}
+func (b *buckets) BucketNames() ([]string, error) { return b.on, nil }
+
+// Every declared bucket is asserted; one on the server that nothing declares is said, not removed.
+func TestRaisingStateReportsWhatNothingDeclares(t *testing.T) {
+	b := &buckets{on: []string{"claude-code_servers", "gone_old", "ours_by_hand"}}
+	undeclared, err := RaiseBuckets(b, []Bucket{{Module: "claude-code", Name: "servers"}, {Module: "a", Name: "b"}})
+	if err != nil {
+		t.Fatal(err)
+	}
+	if !slices.Equal(b.ensured, []string{"a_b", "claude-code_servers"}) {
+		t.Fatalf("asserted %v", b.ensured)
+	}
+	if !slices.Equal(undeclared, []string{"gone_old", "ours_by_hand"}) {
+		t.Fatalf("reported %v", undeclared)
+	}
+}
+
+// Against a real server: a bucket is created with the owner's options and the mesh's caps,
+// asserting it again changes nothing and keeps what it holds, and a changed option is brought to
+// match in place.
+func TestABucketIsAssertedInPlace(t *testing.T) {
+	js := aLiveBus(t)
+	b := Bucket{Module: "statetest", Name: "servers"}
+	if _, err := RaiseBuckets(js, []Bucket{b}); err != nil {
+		t.Fatalf("a real server refused a module's bucket: %v", err)
+	}
+	kv, err := js.Context().KeyValue(b.Bucket())
+	if err != nil {
+		t.Fatal(err)
+	}
+	if _, err := kv.Put("all.one", []byte(`{"kept":true}`)); err != nil {
+		t.Fatal(err)
+	}
+	b.History = 3
+	if _, err := RaiseBuckets(js, []Bucket{b}); err != nil {
+		t.Fatalf("asserting the bucket again failed, so a restart would: %v", err)
+	}
+	got, err := kv.Get("all.one")
+	if err != nil || string(got.Value()) != `{"kept":true}` {
+		t.Fatalf("asserting again lost what the bucket held: %v %v", got, err)
+	}
+	status, err := kv.Status()
+	if err != nil {
+		t.Fatal(err)
+	}
+	if status.History() != 3 {
+		t.Fatalf("history is %d, the owner declared 3", status.History())
+	}
+	if s, ok := status.(*nats.KeyValueBucketStatus); ok {
+		if c := s.StreamInfo().Config; c.MaxMsgSize != StateMaxValueBytes || c.MaxBytes != StateMaxBytes {
+			t.Fatalf("the mesh's caps are not on the bucket: value %d, bucket %d", c.MaxMsgSize, c.MaxBytes)
+		}
+	}
+}
diff --git a/internal/broker/users.go b/internal/broker/users.go
index 1395467..d831b15 100644
--- a/internal/broker/users.go
+++ b/internal/broker/users.go
@@ -33,6 +33,10 @@ type Declared struct {
 	Watches []Seat
 	// Invokes are the tools it calls, `<module>.<tool>` or `*` (novox/hq ADR 0152).
 	Invokes []string
+	// State is the state it keeps, each a bucket its instances write (novox/hq ADR 0201).
+	State []Bucket
+	// Reads are other modules' state it reads, each `<module>.<name>` (novox/hq ADR 0201).
+	Reads []string
 }
 
 // Records is what composing a user list needs to know about the mesh, and nothing more.
@@ -81,6 +85,7 @@ func Users(r Records) ([]Principal, error) {
 				Kind: KindModule, Node: node, Module: d.Module,
 				Emits: d.Emits, Consumes: d.Consumes, Serves: d.Serves,
 				Holds: d.Holds, Uses: d.Uses, Watches: d.Watches, Invokes: d.Invokes,
+				State: stateNames(d.State), Reads: d.Reads,
 			})
 		}
 		if runtimeHere {
diff --git a/internal/catalogue/manifest.go b/internal/catalogue/manifest.go
index 8528c9f..6eb3b39 100644
--- a/internal/catalogue/manifest.go
+++ b/internal/catalogue/manifest.go
@@ -325,6 +325,15 @@ type Manifest struct {
 	// person's account (design 25 §7) already had the same shape.
 	Invokes []string `json:"invokes,omitempty"`
 
+	// State is the current state this module keeps on the bus, by local name: each a key-value
+	// bucket the controller creates, which every instance of the module writes and reads
+	// (novox/hq ADR 0201). Not history — that is an event — and never a secret, sealed or not.
+	State []StateDeclaration `json:"state,omitempty"`
+
+	// Reads are other modules' state this module reads and watches, each `<module>.<name>`
+	// (novox/hq ADR 0201). Read-only: only the owner's instances write.
+	Reads []string `json:"reads,omitempty"`
+
 	// Capabilities the machine must have. A different field from Requires because the remedy
 	// differs: a missing module can be assigned, and a missing capability means the wrong
 	// machine.
@@ -1316,6 +1325,8 @@ func ParseManifest(raw []byte) (Manifest, error) {
 	// module whose event names are wrong installs, starts, connects and reacts to nothing, with
 	// every log line saying it is fine (novox/hq 04-ISSUES/127).
 	problems = append(problems, EventProblems(m)...)
+	// And what it may call its state, and whose it may read (state.go, novox/hq ADR 0201).
+	problems = append(problems, StateProblems(m)...)
 	wellFormed := true
 	for _, c := range m.Claims {
 		if !name.MatchString(c.Name) {
diff --git a/internal/catalogue/state.go b/internal/catalogue/state.go
new file mode 100644
index 0000000..fa49f71
--- /dev/null
+++ b/internal/catalogue/state.go
@@ -0,0 +1,150 @@
+package catalogue
+
+import (
+	"bytes"
+	"encoding/json"
+	"fmt"
+	"regexp"
+	"strings"
+)
+
+// What a module may call its state, and whose state it may ask to read (novox/hq ADR 0201).
+//
+// A module names its state **locally** — `servers`, never a bucket or a subject — and another
+// module's as `<module>.<name>`, the way a consumed event names its emitter (design 32 §1). The
+// mesh derives the bucket from the two names, so the module and the local name must each be one
+// token: the bucket joins them with an underscore, which neither may contain, so two modules can
+// never derive one bucket.
+
+// stateName is one local name of a module's state: lower-case, no dot, no underscore.
+var stateName = regexp.MustCompile(`^[a-z0-9][a-z0-9-]*$`)
+
+// The mesh's caps on what a module may ask of a bucket's history.
+const (
+	// StateMostHistory is the most past values a key may keep. The server's own limit.
+	StateMostHistory = 64
+)
+
+// StateDeclaration is one bucket a module owns: its local name, and the options that are the
+// owner's to choose, as a seat chooses how long its backlog survives (design 32 §3).
+type StateDeclaration struct {
+	Name string `json:"name"`
+	// History is how many values a key keeps, the current one included; zero is one.
+	History int `json:"history,omitempty"`
+	// TTLSeconds is how long a value lives once written; zero is until it is replaced or deleted.
+	TTLSeconds int `json:"ttl-seconds,omitempty"`
+}
+
+// UnmarshalJSON reads a bucket as its bare name, or as {name, history, ttl-seconds}.
+func (s *StateDeclaration) UnmarshalJSON(raw []byte) error {
+	trimmed := bytes.TrimSpace(raw)
+	if len(trimmed) > 0 && trimmed[0] == '"' {
+		return json.Unmarshal(trimmed, &s.Name)
+	}
+	type plain StateDeclaration
+	var full plain
+	dec := json.NewDecoder(bytes.NewReader(trimmed))
+	dec.DisallowUnknownFields()
+	if err := dec.Decode(&full); err != nil {
+		return fmt.Errorf("a state is either a name or {name, history, ttl-seconds}: %w", err)
+	}
+	*s = StateDeclaration(full)
+	return nil
+}
+
+// MarshalJSON writes back the short form when there is nothing else to say.
+func (s StateDeclaration) MarshalJSON() ([]byte, error) {
+	if s.History == 0 && s.TTLSeconds == 0 {
+		return json.Marshal(s.Name)
+	}
+	type plain StateDeclaration
+	return json.Marshal(plain(s))
+}
+
+// ReadState splits a read into the owning module and the local name, or says why it is not one.
+func ReadState(read string) (module, local string, err error) {
+	at := strings.LastIndex(read, ".")
+	if at <= 0 || at == len(read)-1 {
+		return "", "", fmt.Errorf("%q does not name a module and its state: a read is <module>.<name>", read)
+	}
+	module, local = read[:at], read[at+1:]
+	if !stateName.MatchString(module) {
+		return "", "", fmt.Errorf("%q cannot own state: a module whose state is read is one plain name", module)
+	}
+	if !stateName.MatchString(local) {
+		return "", "", fmt.Errorf("%q is not a state name: lower-case letters, digits and hyphens", local)
+	}
+	return module, local, nil
+}
+
+// StateProblems is what is wrong with a manifest's state and reads.
+//
+// Refused at registration, because a bucket name the bus cannot hold is a module that installs,
+// starts, and is refused on its first write with a reason about a bucket nobody named.
+func StateProblems(m Manifest) []string {
+	var problems []string
+	if len(m.State) > 0 && !stateName.MatchString(m.Module) {
+		problems = append(problems, fmt.Sprintf(
+			"%s keeps state, and a module's name is part of its buckets' names, which take one plain "+
+				"name — no dot (novox/hq ADR 0201)", m.Module))
+	}
+	seen := map[string]bool{}
+	for _, s := range m.State {
+		switch {
+		case !stateName.MatchString(s.Name):
+			problems = append(problems, fmt.Sprintf(
+				"%s keeps state %q: a state is named locally — lower-case letters, digits and hyphens, "+
+					"no dot and no underscore; the mesh derives the bucket (novox/hq ADR 0201)", m.Module, s.Name))
+		case seen[s.Name]:
+			problems = append(problems, fmt.Sprintf("%s keeps state %q twice", m.Module, s.Name))
+		}
+		seen[s.Name] = true
+		if s.History < 0 || s.History > StateMostHistory {
+			problems = append(problems, fmt.Sprintf(
+				"%s keeps %d values of %q; a key keeps between 1 and %d", m.Module, s.History, s.Name, StateMostHistory))
+		}
+		if s.TTLSeconds < 0 {
+			problems = append(problems, fmt.Sprintf("%s gives %q a negative lifetime", m.Module, s.Name))
+		}
+	}
+	for _, r := range m.Reads {
+		module, _, err := ReadState(r)
+		if err != nil {
+			problems = append(problems, fmt.Sprintf("%s reads %v", m.Module, err))
+			continue
+		}
+		if module == m.Module {
+			problems = append(problems, fmt.Sprintf(
+				"%s reads %q, which is its own state: a module reads and writes what it keeps already", m.Module, r))
+		}
+	}
+	return problems
+}
+
+// StateReadsNothingDeclares is every read across a catalogue whose owner is present and declares no
+// such state. An absent owner says nothing — a module may be installed long before the one whose
+// state it reads, as a consumer may before its emitter (design 32 §1).
+func StateReadsNothingDeclares(manifests []Manifest) []string {
+	declared := map[string]map[string]bool{}
+	for _, m := range manifests {
+		own := map[string]bool{}
+		for _, s := range m.State {
+			own[s.Name] = true
+		}
+		declared[m.Module] = own
+	}
+	var problems []string
+	for _, m := range manifests {
+		for _, r := range m.Reads {
+			module, local, err := ReadState(r)
+			if err != nil {
+				continue
+			}
+			if own, present := declared[module]; present && !own[local] {
+				problems = append(problems, fmt.Sprintf(
+					"%s reads %q, and %s keeps no state called %q", m.Module, r, module, local))
+			}
+		}
+	}
+	return problems
+}
diff --git a/internal/catalogue/state_test.go b/internal/catalogue/state_test.go
new file mode 100644
index 0000000..4cf6206
--- /dev/null
+++ b/internal/catalogue/state_test.go
@@ -0,0 +1,82 @@
+package catalogue
+
+import (
+	"encoding/json"
+	"strings"
+	"testing"
+)
+
+// A module declares the state it keeps and the state it reads (novox/hq ADR 0201), a bucket by its
+// bare name or with the owner's options.
+func TestAManifestMaySayWhatStateItKeepsAndReads(t *testing.T) {
+	m, err := ParseManifest([]byte(`{"module":"claude-code","version":"1",` +
+		`"state":["servers",{"name":"seen","history":5,"ttl-seconds":3600}],` +
+		`"reads":["licence-manager.bindings"]}`))
+	if err != nil {
+		t.Fatal(err)
+	}
+	if len(m.State) != 2 || m.State[0].Name != "servers" || m.State[1].History != 5 || m.State[1].TTLSeconds != 3600 {
+		t.Fatalf("state not read: %+v", m.State)
+	}
+	if len(m.Reads) != 1 || m.Reads[0] != "licence-manager.bindings" {
+		t.Fatalf("reads not read: %v", m.Reads)
+	}
+	// Written back as it came in: the short form where nothing else is said.
+	out, _ := json.Marshal(m.State)
+	if string(out) != `["servers",{"name":"seen","history":5,"ttl-seconds":3600}]` {
+		t.Fatalf("written back as %s", out)
+	}
+}
+
+// A name the bus could not hold, or that would let two modules derive one bucket, is refused at
+// registration in the manifest's words.
+func TestAStateNameIsLocalAndOneToken(t *testing.T) {
+	for _, c := range []struct{ manifest, says string }{
+		{`{"module":"a","version":"1","state":["mesh.servers"]}`, `keeps state "mesh.servers": a state is named locally`},
+		{`{"module":"a","version":"1","state":["my_servers"]}`, `keeps state "my_servers"`},
+		{`{"module":"a","version":"1","state":["s","s"]}`, `keeps state "s" twice`},
+		{`{"module":"a","version":"1","state":[{"name":"s","history":65}]}`, `a key keeps between 1 and 64`},
+		{`{"module":"a.b","version":"1","state":["s"]}`, `no dot`},
+		{`{"module":"a","version":"1","reads":["bindings"]}`, `a read is <module>.<name>`},
+		{`{"module":"a","version":"1","reads":["a.s"]}`, `which is its own state`},
+		{`{"module":"a","version":"1","state":[{"name":"s","shared":true}]}`, `{name, history, ttl-seconds}`},
+	} {
+		_, err := ParseManifest([]byte(c.manifest))
+		if err == nil {
+			t.Errorf("%s was accepted", c.manifest)
+			continue
+		}
+		if !strings.Contains(err.Error(), c.says) {
+			t.Errorf("%s refused for the wrong reason: %v", c.manifest, err)
+		}
+	}
+}
+
+// A read whose owner is present must name a state that owner keeps; an absent owner says nothing,
+// because a module may be installed before the one whose state it reads.
+func TestAReadNamesStateItsOwnerKeeps(t *testing.T) {
+	owner := Manifest{Module: "licence-manager", State: []StateDeclaration{{Name: "bindings"}}}
+	good := Manifest{Module: "claude-code", Reads: []string{"licence-manager.bindings", "absent.anything"}}
+	bad := Manifest{Module: "other", Reads: []string{"licence-manager.tokens"}}
+	if p := StateReadsNothingDeclares([]Manifest{owner, good}); len(p) != 0 {
+		t.Fatalf("a read of declared state was refused: %v", p)
+	}
+	p := StateReadsNothingDeclares([]Manifest{owner, bad})
+	if len(p) != 1 || !strings.Contains(p[0], `licence-manager keeps no state called "tokens"`) {
+		t.Fatalf("a read of state nobody keeps was not named: %v", p)
+	}
+}
+
+// **Across the whole catalogue**: every state name is local, and every read whose owner is present
+// names state that owner keeps.
+func TestEveryManifestsStateIsLocalAndEveryReadIsKept(t *testing.T) {
+	manifests := theCatalogue(t)
+	var problems []string
+	for _, m := range manifests {
+		problems = append(problems, StateProblems(m)...)
+	}
+	problems = append(problems, StateReadsNothingDeclares(manifests)...)
+	if len(problems) > 0 {
+		t.Fatalf("the catalogue's state is not what ADR 0201 says:\n  %s", strings.Join(problems, "\n  "))
+	}
+}
diff --git a/internal/inventory/busrecords.go b/internal/inventory/busrecords.go
index 431e5cc..88fccf1 100644
--- a/internal/inventory/busrecords.go
+++ b/internal/inventory/busrecords.go
@@ -132,6 +132,9 @@ func declaredFor(m catalogue.Manifest, seats map[string]catalogue.SeatDeclaratio
 		Serves: m.Tools,
 		// And what it calls (novox/hq ADR 0152) — the console's `*`, nothing else's.
 		Invokes: m.Invokes,
+		// And the state it keeps and reads (novox/hq ADR 0201).
+		State: bucketsOf(m),
+		Reads: m.Reads,
 	}
 	for _, c := range m.Claims {
 		// Every seat with a protocol, the mesh's own included. One that says only who does a job is
@@ -148,6 +151,30 @@ func declaredFor(m catalogue.Manifest, seats map[string]catalogue.SeatDeclaratio
 	return d
 }
 
+// bucketsOf is the state a module keeps, as the bus holds it.
+func bucketsOf(m catalogue.Manifest) []broker.Bucket {
+	var out []broker.Bucket
+	for _, s := range m.State {
+		out = append(out, broker.Bucket{Module: m.Module, Name: s.Name, History: s.History, TTLSeconds: s.TTLSeconds})
+	}
+	return out
+}
+
+// DeclaredBuckets is every bucket the catalogue declares, registered modules assigned or not: a
+// bucket exists from registration, like a seat's stream, so a module reading it may watch before its
+// owner runs anywhere (novox/hq ADR 0201).
+func (i *Inventory) DeclaredBuckets(ctx context.Context) ([]broker.Bucket, error) {
+	declared, err := i.Catalogue(ctx)
+	if err != nil {
+		return nil, fmt.Errorf("cannot read the catalogue: %w", err)
+	}
+	var out []broker.Bucket
+	for _, m := range declared {
+		out = append(out, bucketsOf(m)...)
+	}
+	return out, nil
+}
+
 func asSeat(s catalogue.SeatDeclaration) broker.Seat {
 	return broker.Seat{Name: s.Name, Scope: s.Scope, Accepts: s.Accepts, Emits: s.Emits,
 		Serves: catalogue.VerbNames(s.Serves)}