Governmental Trusts

What is Governmental Trusts?

A definition of governmental trusts is: Type of charitable trust used for erection and maintenance of public buildings and for the promotion of purposes which are of a character sufficiently helpful to the community to justify permitting property to be devoted forever to their accomplishment. More details on the Encyclopedia. Restatement, Second, Trusts, §§ 373, 374.[1]

Resources

Notes

1. “Governmental Trusts” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

See Also