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	<title>Rowena Meager&#039;s Property Law Blog &#187; Quistclose Trusts</title>
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	<description>Barrister &#38; Property Law Lecturer</description>
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		<title>Rowena Meager&#039;s Property Law Blog &#187; Quistclose Trusts</title>
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		<title>Purpose Trusts</title>
		<link>http://rowenameager.com/2009/05/29/purpose-trusts/</link>
		<comments>http://rowenameager.com/2009/05/29/purpose-trusts/#comments</comments>
		<pubDate>Fri, 29 May 2009 12:49:44 +0000</pubDate>
		<dc:creator>RM</dc:creator>
				<category><![CDATA[Purpose Trusts]]></category>
		<category><![CDATA[Quistclose Trusts]]></category>
		<category><![CDATA[Trusts]]></category>

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		<description><![CDATA[There are many examples of purpose trusts in English Law, despite our best efforts to deny that we entertain such things. We all recognise that there are a limited number of anomalous categories of purpose trust whose existence is irrefutable but attributed to some human weakness and sentiment. These trusts are often referred to as [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rowenameager.com&#038;blog=4528548&#038;post=45&#038;subd=rowenameager&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>There are many examples of purpose trusts in English Law, despite our best efforts to deny that we entertain such things. We all recognise that there are a limited number of anomalous categories of purpose trust whose existence is irrefutable but attributed to some human weakness and sentiment. These trusts are often referred to as trusts of imperfect obligation and include trusts for, <em>inter alia</em>, the upkeep of graves and the maintenance of horses and hounds.</p>
<p>We recognise the <em>Re Denley</em> type trust which has tenuous links to human beneficiaries and has thus been saved from falling foul of the beneficiary principle. Also, we have entertained the <em>Quistclose Trust</em> which is a further example of a trust for a purpose which is not concerned with human beneficiaries. In this latter context, however, justification for the existence of such a trust has been sought by its proponents by construing it as an orthodox example of a resulting trust. However, the recent High Court judgment in <a href="http://www.bailii.org/ew/cases/EWHC/Ch/2008/498.html"><em>Cooper v PRG Powerhouse &amp; Others</em></a> recognises the <em>Quistclose Trust</em> for what it really is; a purpose trust. It&#8217;s too late now. The door is ajar.</p>
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