19 Provisions as to title, property and functions of the Church Estates Commissioners.U.K.
(1)The Church Estates Commissioner appointed by the Archbishop of Canterbury under section one of the M1Ecclesiastical Commissioners Act 1850 shall be called Third Church Estates Commissioner.
(2)All land vested in the First Church Estates Commissioner and all stocks, funds and securities held by the Church Estates Commissioners are hereby transferred to the Commissioners and shall by virtue of this section and without any conveyance, assignment, transfer or other assurance vest in the Commissioners:
Provided that the vesting of property by virtue of this subsection shall not affect any previously existing trust or mortgage or other charge affecting the property, or any previously existing lease or tenancy thereof.
(3), (4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
(5)Where any stock is standing in the books of a company in the names of the persons who are for the time being Church Estates Commissioners, a request by the secretary of the Commissioners and production of a copy of this Measure printed by or for the Queen’s Printer of Acts of Parliament shall be sufficient authority to the company to transfer the stock into the name of, and to pay dividends on the stock to, the Commissioners.
In this subsection the expression—
“company” includes the Bank of England and any company or person keeping books in which any stock is registered or inscribed, and
“stock” includes any share, annuity or other security.