Purpose trust definition

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Purpose trust

Purpose trust logo #21000 A purpose trust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind. In most jurisdictions, such trusts are not enforceable outside of certain limited and anomalous exceptions, but some countries have enacted legislation specifically to promote the use of non-charitable purpose t...
Found on http://en.wikipedia.org/wiki/Purpose_trust
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