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(1)A qualifying Academy proprietor is a charity.
[F2(1A)In the definition of “trust corporation” in the provisions listed in subsection (1B), the reference to a corporation appointed by the court in any particular case to be a trustee includes a reference to a qualifying Academy proprietor.
(1B)The provisions are—
(a)section 117(1)(xxx) of the Settled Land Act 1925;
(b)paragraph (18) of section 68(1) of the Trustee Act 1925;
(c)section 205(1)(xxviii) of the Law of Property Act 1925;
(d)section 55(1)(xxvi) of the Administration of Estates Act 1925;
(e)section 128 of the Senior Courts Act 1981.]
(2)A “qualifying Academy proprietor” is a company—
(a)which is limited by guarantee,
(b)whose registered office is situated in England and Wales,
(c)which in pursuance of Academy arrangements is the proprietor of an Academy, and
(d)whose object as expressed in its articles or memorandum of association (or each of whose objects as so expressed) is a charitable purpose.
(3)Expressions used in subsection (2) and in the Companies Act 2006 have the same meaning in that subsection as in that Act.
F3(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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