Lawful purpose

Of the Creation of Trust

Lawful purpose.—A trust may be created for any lawful purpose. The purpose of a trust is lawful unless it is

1. (a) forbidden by law, or
2. (b) is of such a nature that, if permitted, it would defeat the provisions of any law, or
3. (c) is fraudulent, or
4. (d) involves or implies injury to the person or property of another, or
5. (e) the Court regards it as immoral or opposed to public policy. Every trust of which the purpose is unlawful is void.