Sarah A. Stafford Boyd v. Frost National Bank

Summary

The Texas Supreme Court affirmed the Court of Civil Appeals, holding that Mrs. Myra Stafford Pryor's will and codicil validly created a charitable trust despite its general language and the trustee's broad discretion. The Court reasoned that Texas law permits general charitable trusts when the settlor clearly intends a charitable purpose and appoints a capable trustee, and that the rule against perpetuities does not invalidate a charitable trust in perpetuity. Justice Slatton dissented, arguing the trust is too vague and invalid under Texas law.