Acts and Regulations

2015, c.21 - Trustees Act

Full text
Trust property held for specific charitable purpose not to be seized
74Property held in trust for a specific charitable purpose by a trustee or charitable corporation, as opposed to property held for the general purposes of the trust or corporation, is exempt from enforcement action under the Enforcement of Money Judgements Act to satisfy a judgment against that trustee or corporation, except to the extent that the judgment is based on a liability incurred by the trustee or corporation in relation to that specific charitable purpose.
Trust property held for specific charitable purpose not to be seized
74Property held in trust for a specific charitable purpose by a trustee or charitable corporation, as opposed to property held for the general purposes of the trust or corporation, is exempt from enforcement action under the Enforcement of Money Judgements Act to satisfy a judgment against that trustee or corporation, except to the extent that the judgment is based on a liability incurred by the trustee or corporation in relation to that specific charitable purpose.