The Law Reports (Chancery Division)
[1957] Ch 423
[CHANCERY DIVISION]
In re SAYER. MACGREGOR AND ANOTHER v. SAYER AND ANOTHER.
[1956 S. 2166.]
1956 Oct. 18,
19.
Upjohn J.
Trust
— Uncertainty, trust void for
— Unascertainable class
— Power to make payments to or on behalf of company's “employees,” “ex-employees,” their “widows, infant children or other infant dependants” and “other dependent relatives”
— Power collateral
424
— Provision for winding up of company
— Power subsequently to purchase annuities for persons actually or potentially eligible
— Ultimate trust of surplus for benefit of employees or ex-employees
— Whether powers and trusts valid.
Trust
— Possibility of execution by court
— Power
— Power collateral
— No exercise of power or execution of trust
— Ultimate trust by operation of law in favour of settlor
— Whether court will execute ultimate trust.