What is CHARITABLE TRUST ? Definition of CHARITABLE TRUST in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
A fiduciary relationship subjecting holder of property to deal with it for a charitable purpose. In re White's Estate, 340 Pa. 92, 16 A.2d 394, 396, 397. A trust for benefit of public or of some portion thereof. Delaware Trust Co. v. Fitzmaurice, Del.Ch., 31 A.2d 383, 388. Its characteristics are the expression of a definite charitable purpose and the indefiniteness of the beneficiaries. Woodcock v. Wachovia Bank & Trust Co., 214 N.C. 224, 199 S.E. 20.
A cemetery corporation is a "charitable trust". De Geeter v. Wolklin, 133 N.J.Eq. 510, 42 A.2d 561, 562. So, too, a Christian church. Burgle v. Muench, 65 Ohio App. 176, 29 N.E.2d. 439, 440.
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That's the definition of CHARITABLE TRUST in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
