(1)For the purposes of section 260(3)(b) the charity trustees of the relevant charity in the case of an incorporated body may, subject to the trusts of the charity, confer on any two or more of their number—
(a)a general authority, or
(b)an authority limited in such manner as the charity trustees think fit,
to execute in the name and on behalf of the body documents for giving effect to transactions to which the body is a party.
(2)An authority under subsection (1)—
(a)suffices for any document if it is given in writing or by resolution of a meeting of the charity trustees of the relevant charity, despite the want of any formality that would be required in giving an authority apart from that subsection;
(b)may be given so as to make the powers conferred exercisable by any of the charity trustees, or may be restricted to named persons or in any other way;
(c)subject to any such restriction, and until it is revoked, has effect, despite any change in the charity trustees of the relevant charity, as a continuing authority given by the charity trustees from time to time of the charity and exercisable by such charity trustees.
(3)In any authority under subsection (1) to execute a document in the name and on behalf of an incorporated body there is, unless the contrary intention appears, implied authority also to execute it for the body in the name and on behalf of the official custodian or of any other person, in any case in which the charity trustees could do so.