Section 315: Trust may be public or private

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 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 the 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 the public.

3) A trust which is established with the 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.