128(1)Section 36 (restrictions on dispositions) is amended as follows.
(2)In subsection (1)—
(a)for “sold” substitute “conveyed, transferred”, and
(b)for “the Commissioners” substitute “the Commission”.
(3)In subsection (3) after “subsection (5) below,” insert “the requirements mentioned in subsection (2)(b) above are that”.
(4)In subsection (5) after “consideration of a fine),” insert “the requirements mentioned in subsection (2)(b) above are that”.
(5)In subsection (6)—
(a)for “sold” substitute “conveyed, transferred”, and
(b)for “previously” substitute “before the relevant time”.
(6)After subsection (6) insert—
“(6A)In subsection (6) above “the relevant time” means—
(a)where the charity trustees enter into an agreement for the sale, or (as the case may be) for the lease or other disposition, the time when they enter into that agreement, and
(b)in any other case, the time of the disposition.”
(7)In subsection (8)—
(a)for “The Commissioners” substitute “The Commission”,
(b)for “the Commissioners are satisfied” substitute “the Commission is satisfied”, and
(c)for “for them” substitute “for the Commission”.