24 Unincorporated associationThe unincorporated association has proved an inexpensive, speedy and flexible method of constituting an association for charitable purposes1. Unlike a private club or society established for the benefit of its members, the property of a charitable association is held on implied trusts for the charitable purposes specified in the constitution, and its application is governed by trust rather than contractual principles2. The form is best suited to a charity initiated by a group of people who wish to co-operate to achieve some purpose rather than by a single founder, and to one which will rely on subscriptions,
The unincorporated association has proved an inexpensive, speedy and flexible method of constituting an association for charitable purposes1. Unlike a private club or society established for the benefit of its members, the property of a charitable association is held on implied trusts for the charitable purposes specified in the constitution, and its application is governed by trust rather than contractual principles2. The form is best suited to a charity initiated by a group of people who wish to co-operate to achieve some purpose rather than by a single founder, and to one which will rely on subscriptions,
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