72-33-504. Cy pres doctrine.
72-33-504. Cy pres doctrine. If property is given in trust to be applied to a particular charitable purpose, and it is or becomes impossible, impracticable, or illegal to carry out the particular purpose, and if the trustor manifested a general intention to devote the property to charitable purposes, the trust need not fail. The court may direct the application of the property to some charitable purpose which falls within the general charitable intention of the trustor.
History: En. Sec. 46, Ch. 685, L. 1989.