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PART IN.I.POWERS OF MINISTRY OF FINANCE AS CHARITY AUTHORITY

N.I.Powers of Ministry in relation to charity property

18 F1Sale, exchange or mortgage of charity lands.F3F4N.I.

(1)Where—

(a)the trustees of a charity apply to the Ministry for power to sell, exchange or mortgage any land belonging to the charity or to surrender any lease held by the charity; and

(b)the Ministry is satisfied that the proposed sale, exchange, mortgage or surrender would be for the benefit of the charity;

the Ministry may confer power, subject to such conditions as it may specify, to sell, exchange or mortgage the land or to surrender the lease.

(2)The Ministry may, if it is satisfied that to do so would be for the benefit of the charity—

(a)sell, exchange or mortgage any land belonging to a charity of which the Ministry is the trustee;

(b)surrender any lease held by a charity of which the Ministry is the trustee.

F2[(3)Subsection (1) shall apply to land belonging to a charity, other than land held inalienably by the National Trust for Places of Historic Interest or Natural Beauty, notwithstanding any enactment (including a local or private Act) providing that the land shall be inalienable.]

F3Functions transf., SR 1999/481

F4Act repealed (24.6.2013 for the repeal of ss. 1, 5, 13, 22-24, 1.1.2016 for the repeal of s. 14) by Charities Act (Northern Ireland) 2008 (c. 12), s. 185(1), Sch. 9; S.R. 2013/145, art. 2, Sch.; S.R. 2015/383, art. 2(3), Sch.