[F119A Section 19 schemes: subsidiaries.E
(1)A scheme made under section 19 above may provide for the setting up of a wholly owned subsidiary or subsidiaries of the Diocesan Board of Finance.
(2)Any such subsidiary shall, subject to the provisions of the scheme, have the same powers and duties as the Diocesan Board of Finance with respect to holding, managing and dealing with such glebe land as may be specified in the scheme.]
Textual Amendments
F1 S. 19A inserted (1.1.2001) by 2000 Measure No. 1 , s. 8 , Sch. 5 para. 4 ; Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York