Section 7 of CART Act : Section 7: Powers Of Trustee To Apply For Directions

CART Act

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Explanation using Example

Imagine that the trustees of "Green Future Charitable Trust," which is dedicated to environmental conservation, are unsure whether they can allocate a portion of the trust's funds to start an educational program about recycling in local schools. This program was not explicitly mentioned in the trust's original charter, but the trustees believe it aligns with the overall mission of the trust.

To ensure they are managing the trust's assets responsibly and in accordance with legal requirements, one of the trustees decides to seek the Court's guidance. They...

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