The Weekly Law Reports
[1973] 3 WLR 744
[CHANCERY DIVISION]
In re
VANDERVELL'S TRUSTS (No. 2)
WHITE AND OTHERS v. VANDERVELL TRUSTEES LTD.
[1968 v. No. 935]
1973 June 25,
26,
27,
28,
29;
July 2, 3, 4, 5; 17
July 2, 3, 4, 5; 17
Megarry J.
Trusts
— Resulting trust
— Settlement
— Settlor transferring shares to charity
— Dividends to provide funds
— Option to buy shares exercised by trustees of family settlement
— Price paid out of settlement funds
— Transfer to trustees without declaration of trusts
— Destination of dividends and capital
— Whether resulting trust of option in favour of settlor
— Whether shares held beneficially or on trust
Trusts
— Formation
— Disposition to trustees
— Trustee company acting as trustee of family settlement
— Transfer to company of option to purchase shares
— Whether option held upon resulting trust in favour of settlor.