Modification and Termination

Question 1

Claflin doctrine

Answer 1

1. Unanimous Bs and
2. no Substantial impairment of material purpose;
3. UTC, no unanimous if non-consenting Bs interests protected;
4. Restatement requires unanimous Bs but applies balancing test.

USIMP-NUNC-RUB (Unanimous Substantial Impairment Material Purpose - No Unanimous Non Consenting Restatement Unanimous Balancing)

Question 2

Equitable deviation (changed circumstances)

Answer 2

1. Unanimous Bs
2. Status quo would substantially impair;
3. Modernly, modify if furthering trust purpose for admin and dispositive terms.

USQIS-FAD (Unanimous Status Quo Impair Substantially Further Admin Dispositive)

Question 3

Cy pres

Answer 3

1. Modify if
2. Illegal, impracticable, or impossible
3. finding of General charitable intent
4. As close as possible
5. Modernly, general intent is presumed; and
6. Reasonable approximation sufficient.
7. Resulting trust if counter to S’s intent.

III-GAPART (Illegal Impracticable Impossible General As Presumed Approximation Resulting Trust)