[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.
[F2(2)Any such subsidiary shall, subject to the provisions of the scheme, have, with respect to the holding, managing and dealing with such diocesan glebe land as may be specified in the scheme or from time to time held by it, the same powers and duties as the Diocesan Board of Finance has with respect to diocesan glebe land held by the Board.]
[F3(3)Any such subsidiary may—
(a)with the consent of the Diocesan Board of Finance acquire land to be held as part of the diocesan glebe land of the diocese; and
(b)with the consent of the Diocesan Board of Finance appropriate for use as diocesan glebe land of the diocese any land vested in the subsidiary and any land appropriated under this subsection shall be held by the subsidiary as part of such land.]]
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
F2 S. 19A(2) substituted (1.10.2006) by Church of England (Miscellaneous Provisions) Measure 2006 (No. 1) , s. 16(2) , Sch. 3 para. 4(a) ; 2006 No. 2 , Instrument made by Archbishops
F3 S. 19A(3) added (1.10.2006) by Church of England (Miscellaneous Provisions) Measure 2006 (No. 1) , s. 16(2) , Sch. 3 para. 4(b) ; 2006 No. 2 , Instrument made by Archbishops