Summary

Joseph McKenna Schwartz v. Duss — Opinion of the Court

And if the system of patriarchal government has been abandoned; if, for the communistic scheme, a capitalistic scheme has been substituted; if the society has become a trading community and lost all its distinctive attributes; if it is undergoing the process of liquidation; if all its property and assets have passed to a trading corporation, and the power of carrying out its original principles has departed; if its membership has become practically incapable of perpetuation,-it follows that the trusts have been defeated, and the society ended to all intents and purposes.
Source: Wikisource

Joseph McKenna Schwartz v. Duss — Opinion of the Court

The master found, as matter of law, that the society continued to exist because the surviving members had not formally declared it to be dissolved, and that the purposes and principles of the society could not be held to have been abandoned, unless by the formal action of all its members. But this could only be so on the assumption that the scheme of the trust created a joint tenancy with the right of survivorship, or a system of tontine; and that a single surviving member might be the society, although to the integrity of a community numbers are essential.
Source: Wikisource

Joseph McKenna Schwartz v. Duss — Opinion of the Court

On the contrary, this property was held in trust for the use and benefit of the society, as a society, and not for the individual members. The trust was for the use and benefit of the society in the maintenance of its principles as declared by its constitution and laws. When the purposes of the society were abandoned or could not be accomplished, or the society ceased to exist, the trust failed, and the property reverted, by way of resulting trust, to the owners who subjected it to the trust, living, and to the heirs and legal representatives of those of them who are dead.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature