Connecticut § 45a-499z Charitable purposes; enforcement; conversion to new entity.

Connecticut Statutes

§ 45a-499z — Charitable purposes; enforcement; conversion to new entity.

Connecticut·Title 45a Probate Courts and Procedure·Ch. 802c Trusts

(a)A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes or other purposes the achievement of which are beneficial to the community consistent with the provisions of sections 45a-514 and 47-2.

(b)If the terms of a charitable trust do not indicate a particular charitable purpose or beneficiary and if the trustee is not given discretion to select the charitable beneficiaries consistent with the provisions of section 45a-515 , the court may select one or more charitable purposes or beneficiaries. The selection shall be consistent with the settlor's intention to the extent it can be ascertained.

(c)The settlor of a charitable trust, or a person designated by the settlor who would not

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes or other purposes the achievement of which are beneficial to the community consistent with the provisions of sections 45a-514 and 47-2. (b) If the terms of a charitable trust do not indicate a particular charitable purpose or beneficiary and if the trustee is not given discretion to select the charitable beneficiaries consistent with the provisions of section 45a-515 , the court may select one or more charitable purposes or beneficiaries. The selection shall be consistent with the settlor's intention to the extent it can be ascertained. (c) The settlor of a charitable trust, or a person designated by the settlor who would not otherwise have standing, may maintain a proceeding to enforce the trust only to the extent specified in the trust instrument. (d) If a charitable trust whose purposes are set forth in a trust instrument is converted to a corporation, limited liability company, benefit corporation or other entity, the governing instrument of the new entity shall recite the charitable purposes of the original trust instrument.

Connecticut § 45a-499z (Charitable purposes; enforcement; conversion to new entity.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.