Conn. Gen. Stat. § 45a-499gg

Current with legislation from the 2024 Regular and Special Sessions.

Section 45a-499gg - Cy pres

Except as otherwise provided in section 45a-499hh, if a particular charitable purpose becomes unlawful, impracticable, impossible to achieve or wasteful:

(1) The trust does not fail, in whole or in part;

(2) the trust property does not revert to the settlor or the settlor's successors in interest; and

(3) the court may apply cy pres to modify or terminate the trust, subject to section 45a-520, by directing that the trust property be applied or distributed, in whole or in part, in a manner consistent with the settlor's charitable purposes.

Conn. Gen. Stat. § 45a-499gg

Amended by P.A. 21-0039,S. 4 of the Connecticut Acts of the 2021 Regular Session, eff. 1/1/2022.

Added by P.A. 19-0137,S. 33 of the Connecticut Acts of the 2019 Regular Session, eff. 1/1/2020.