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Definitions from WordNet
Noun rule of cy pres has 1 sense
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Definitions from the WebTerm: Rule of Cy PresDefinition:The rule of cy pres, also known as the cy pres doctrine, is a legal principle that allows a court to modify the terms of a charitable trust or a will when the original objective is impracticable or impossible to fulfill. The court can then direct the funds or assets to be used for a purpose closely related to the original intent of the trust or will. Examples:Example 1 - Charitable Trust:The wealthy philanthropist left a sizable sum of money in his will to establish a library. However, due to a lack of available land, it was impossible to build the library as initially intended. Following the rule of cy pres, the court directed the funds to be used to renovate a local school library to benefit the community. Example 2 - Will:An elderly woman left a substantial amount in her will to support a local animal shelter. Unfortunately, the animal shelter ceased to exist before her passing. Applying the rule of cy pres, the court determined that the funds should be utilized to support another reputable animal welfare organization in the region. Related Products: | ||||
rule-out rule rule rule against rule against perpetuities rule book rule break rule in rule of cy pres rule of evidence rule of grammar rule of law rule of morphology rule of themb rule of thumb rule out rule over
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