CHARITABLE TRUSTS ACT 1993 - SECT 9
Extension of the occasions for applying trust property cy pres
CHARITABLE TRUSTS ACT 1993 - SECT 9
Extension of the occasions for applying trust property cy pres
9 Extension of the occasions for applying trust property cy pres
(1) The circumstances in which the original purposes of a charitable trust can
be altered to allow the trust property or any part of it to be applied cy pres
include circumstances in which the original purposes, wholly or in part, have
since they were laid down ceased to provide a suitable and effective method of
using the trust property, having regard to the spirit of the trust.
(2)
References in this section to the original purposes of a charitable trust are
to be construed, if the application of the trust property or any part of it
has been altered or regulated by a scheme or otherwise, as references to the
purposes for which the trust property are for the time being applicable.