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The Educational Endowments (Strathclyde Region) Transfer Scheme Order 1996

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Transfer of endowments of Dunbartonshire Educational Trust and McAulay Bequest from Strathclyde Regional Council to new governing body

6.—(1) On 1st April 1996 the endowments comprised in the Dunbartonshire Educational Trust, governed by the Dunbartonshire Educational Trust Scheme 1962, vested in Strathclyde Regional Council immediately before that date shall be transferred to and vest in the Governors of the Dunbartonshire Educational Trust, constituted and incorporated under the said Scheme as amended in accordance with Schedule 2.

(2) On 1st April 1996 all powers under the Dunbartonshire Educational Trust Scheme 1962 vested in Strathclyde Regional Council immediately before that date shall be transferred to and vest in the Governors of the Dunbartonshire Educational Trust.

(3) On 1st April 1996 all rights to be paid money out of educational endowments conferred by the Dunbartonshire Educational Trust Scheme 1962 vested in Strathclyde Regional Council immediately before that date shall be transferred to and vest in the Governors of the Dunbartonshire Educational Trust.

(4) The Dunbartonshire Educational Trust Scheme 1962 shall be amended in accordance with Schedule 2.

(5) On 1st April 1996 the endowment of the McAulay Bequest, and all powers in respect of that endowment, vested in Strathclyde Regional Council immediately before that date shall be transferred to and vest in the Governors of the Dunbartonshire Educational Trust.

(6) The Governors of the Dunbartonshire Educational Trust shall administer the McAulay Bequest as a trust separate from the Dunbartonshire Educational Trust, and Parts I, IA and II of the Dunbartonshire Educational Trust Scheme shall, so far as relevant and with such modifications as are necessary, apply to the administration of the McAulay Bequest as they apply to the administration of the Dunbartonshire Educational Trust.

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