| Commentary

26 Trust property

| Commentary

26 Trust property

A declaration of trust is ineffective unless it applies to an asset of some kind1. Arrangements for the provision of such property therefore need to be made at the outset. Property may sometimes be conveyed to trustees upon specific trusts2, or a contemporaneous declaration of trust may be executed or a sum of money or other personal property may be settled on charitable trusts which themselves contemplate that additional property will be contributed to the charity at a later date3.

In the case of a charitable company, an unincorporated association or

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