22 Declaration of trustA charity governed by a declaration of trust1 is typically designed for a long term (if not perpetual) existence, is endowed with land or investments, and is administered by a relatively small number of individual trustees or by a charitable trust corporation. There are certain exceptions for charities from the general rules applying to trusts:22.1 the possible number of trustees is not limited2;22.2 decisions of the trustees may be taken by simple majority3;22.3 there is no implicit power of variation, even with the approval of the founder, as there are no beneficiaries to
A charity governed by a declaration of trust1 is typically designed for a long term (if not perpetual) existence, is endowed with land or investments, and is administered by a relatively small number of individual trustees or by a charitable trust corporation. There are certain exceptions for charities from the general rules applying to trusts:
the possible number of trustees is not limited2;
decisions of the trustees may be taken by simple majority3;
there is no implicit power of variation, even with the approval of the founder, as there are no beneficiaries to
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