Search Results for: CHARITABLE PURPOSE

visitatorial

visitatorial (viz-[schwa]-t[schwa]-tor-ee-[schwa]l), adj. Of or relating to on-site inspection or supervision. — Also termed visitorial. “To eleemosynary corporations, a visitatorial power is attached as a necessary incident…. [P]rivate and particular corporations, founded and endowed by individuals for charitable purposes, are subject to the private government of those who are the efficient patrons and founder. If

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mortmain statute

mortmain statute. A law that limits gifts and other dispositions of land to corporations (esp. charitable ones) and that prohibits corporations from holding land in perpetuity. • In England, laws such as the Provisions of Westminster and Magna Carta essentially required the Crown’s authorization before land could vest in a corporation. The object was to

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