Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The term “cy pres” comes from the old French phrase “cy pres comme possible,” meaning “as near as possible.” The legal doctrine of cy pres originated in the charitable trusts context. If a charitable trust’s funds could not be distributed according to the precise terms of the trust because the trust’s objective had become impossible or illegal to carry out, the cy pres doctrine allowed a court to modify the trust so that the money was distributed in a manner that came “as near as possible” to the testator’s original intent.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.