Valid purposes of charitable trust; selection of purpose or
beneficiary if not specified by trust
Sec. 17. (a) A charitable trust may be created for the following
purposes:
(1) The relief of poverty.
(2) The advancement of education or religion.
(3) The promotion of health.
(4) Governmental and municipal purposes.
(5) A purpose that is beneficial to the community.
(b) If the terms of a charitable trust do not indicate a particular
charitable purpose or beneficiary, the court may select at least one
(1) charitable purpose or beneficiary. The selection must be
consistent with the settlor's intention to the extent the intention can
be ascertained.
(c) The settlor of a charitable trust, among other persons, may
maintain a proceeding to enforce the charitable trust.
As added by P.L.238-2005, SEC.25.
Last modified: May 27, 2006