Galland v. Seattle Trust Co.

Citations

• 103 Wash. 106
• 173 P. 740

Syllabus

<p>Perpetuities — Charitable Bequests — Immediate Giet. A bequest of a trust fund to establish an orphanage vests immediately, and the rule against perpetuities does not apply, where the bequest was to a trustee to invest the fund for the establishment of the home, and appointed five trustees as a managing board to have charge when, by its own accumulations or by other contributions, the fund reached a certain sum, which was to be a perpetual benefaction without condition or restriction.</p>