General Assembly v. Gratz

Citations

• 139 Pa. 497
• 20 A. 1041
• 1891 Pa. LEXIS 1019

Syllabus

<p>[To be reported.]</p> <p>1. The act of June 1,1889, P. L. 420, imposes a tax upon personal property of enumerated classes held by any one, “ as active trustee.for the use, benefit or advantage of any other person.” By “ person,” therein, is meant a particular individual, having a beneficial ownership in the property, who could claim its use, benefit or advantage, and enforce the trust in his favor.</p> <p>2. Wherefore, funds held in trust, not for any particular persons, but for charitable and religious objects in which no particular individual or person has any legal or equitable rights, the beneficiaries being selected from year to year, at the discretion of the trustees, out of indefinite classes of persons, are not taxable under said act.</p>