Cy-pres meaning
WebTerms: Cy pres: To apply the trust funds in a manner “as nearly like” as possible to the settlor’s original charitable purpose. Given the perpetual nature of charitable trusts, occasionally the trust outlives or outgrows the particular charitable purpose for which it was created. In those instances, the court will step in to modify the ... WebMar 3, 2024 · cy pres in American English. (ˈsi ˈprei) Law. adverb. 1. as near as possible. noun. 2. the doctrine, applied esp. to cases of charitable trusts or donations, that, in place of an impossible or illegal condition, limitation, or object, allows the …
Cy-pres meaning
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Webnoun The cy-pres doctrine. Webster's New World The doctrine that permits the terms of a charitable trust to be modified to achieve a purpose close to the donor's original intent …
WebApr 11, 2024 · Where traditional trees can snap and give way under strong winds, palm trees can survive these challenges due to their bendy structure. The date palm, one … WebDefinition:Cy pres is a legal doctrine that means "as near as possible." When someone creates a charitable trust, the intended charitable purpose of the trust may become impossible to fulfill. Instead of ending the trust, the courts may change the purpose of the charitable trust to allow it to continue, while keeping it as close to the original intention of …
WebMar 4, 2014 · The legal doctrine of cy pres is a French term meaning "as close as possible." Having roots in trust law, the doctrine allows for a gift in circumstances where the recipient no longer exists, so ... WebDictionary entry overview: What does cy pres mean? • CY PRES (noun) The noun CY PRES has 1 sense:. 1. a rule that when literal compliance is impossible the intention of a …
WebThe cy pres doctrine is a principle of law that courts use to save a charitable trust from failing when a charitable objective is originally or later becomes impossible or …
WebJun 7, 2013 · The roots of the doctrine of cy pres are found in cases in England from the Middle Ages, and cy pres cases became relatively numerous after the dissolution of the monasteries under King Henry VIII and the accompanying need to find new purposes for hundreds of charitable trusts (“chantries”) whose original charitable purpose (the saying … port in gran canariaWebThe cy-pres doctrine in English law is an element of trusts law dealing with charitable trusts. The doctrine provides that when such a trust has failed because its purposes are … irmo lowesWebCY PRES, construction. These are old French words, which signify "as near as." 2. In cases where a perpetuity is attempted in a will, the courts do not, if they can avoid it, construe the devise to be utterly void, but expound the will in such a manner as to carry the testator's intentions into effect, as far as the rules respecting perpetuities will allow; this is called … irmo pharmacy lake murray blvdWeb1,942 Likes, 54 Comments - Dina Falconi (@foragingandfeasting) on Instagram: "JUNIPERUS VIRGINIANA aka RED CEDAR = Many Gifts = Juniper Berries + Leaf Steaming This ... irmo photographerWebExamples of Amended Cy Pres Order in a sentence. In the event that the Court shall issue the Amended Cy Pres Order, CCF, Plaintiffs, SJHSRI, and RWH shall jointly move that the Cy Pres Final Judgment be issued and entered on the docket, and that the Preservation Order thereupon be modified to the extent necessary to enable payment of the … port in gwyneddWebcy· press ˈsī-prəs 1 a (1) : any of a genus (Cupressus of the family Cupressaceae, the cypress family) of evergreen trees and shrubs with small overlapping leaves resembling … irmo ostler smithWebThe cy pres doctrine (from the French term cy pres comme possible meaning as near as possible) is a court-approved method for distributing a damage fund when the original purpose cannot be achieved. This common law doctrine was developed in the trusts and estates context as a means to distribute funds from a charitable trust or probated estate ... port in guam