³ÉÈËÓ°Òô

GLOSSARY

Eleemosynary corporation definition

What does Eleemosynary corporation mean?

A corporation established for perpetual distribution of the free alms or bounty of the founder to such persons as the founder has directed.

They are typically hospitals or colleges, and thus include the colleges of the Universities of Oxford and Cambridge. They hold their property on trusts, rather than beneficially, and thus are subject to the jurisdiction of the court in the same manner as any other trustee.


Discover our 1 Practice Notes on Eleemosynary corporation

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

Powered by Lexis+®
  Case studies

"I'm able to do more in the day, which means I'm providing more value to my clients - and it's helped my margins in terms of how much I can bill. ³ÉÈËÓ°Òô is helping me make money."

ParrisWhittaker


Access all documents on Eleemosynary corporation

GET ACCESS NOW