(1) A trust may be either public
or private.
(2) A trust established for the accomplishment of the
following object shall be deemed to be a public trust:
(a) To establish, operate and use a fund for
infrastructures of economic development or other
development works,
(b) To establish and operate a fund necessary for the
development of skills, creation of employment
opportunities and development of the people with
low income,
(c) To operate social welfare programs,
(d) To establish and operate such educational and
academic institutes like schools, colleges and
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universities as may be useful for the general
public,
(e) To establish and operate clinics such as hospitals
and health posts for public purposes,
(f) To protect natural, historical or cultural heritages
or to promote such act,
(g) To operate programs for the protection of wildlife,
aquatic animals or environment,
(h) To operate programs for the protection of interest,
welfare or upliftment of various classes, groups or
communities,
(i) To operate programs relating to sports,
(j) To carry out service-oriented welfare programs,
(k) To operate rescue works,
(l) To establish shrines, temples, monasteries, domes,
mosques, churches or carry out similar other
religious activities,
(m) To operate other public programs for the interest
of public.
(3) A trust which is established with object to render
benefit, advantage or facility to any particular person or group shall
be deemed to be a private trust.
(4) If a trust is established to accomplish both public and
private objectives, such a trust shall be deemed to be a public trust.
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