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Creditor Access to the Assets of a Purpose Trust

Creditor Access to the Assets of a Purpose Trust

This report discusses the ruling of the Ontario Court of Appeal in Re Christian Brothers of Ireland in Canada, which decided that the assets were available to satisfy the claims of creditors, and recommends remedial legislation to prevent undesirable results potentially flowing from the ruling.

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produced by
British Columbia Law Institute (BCLI)
produced in
last reviewed
March 2003 i Last date reviewed by a qualified expert to ensure content up-to-date. See "Tips" in Clicklaw content criteria (bottom of pageside menu) for details.
resource type
reports & documents
trusts, trustee, Trustee Act, purpose, charities, charitable organizations, volunteers, tort, liability, creditor access, immunity from liability, Christian Brothers case, Trustee Act Modernization Committee