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Charities Act 2011

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This is the original version (as it was originally enacted).

273Transfer where charity has permanent endowment: general

(1)This section and section 274 provide for the operation of sections 268 to 272 where a charity within section 267(1) has a permanent endowment (whether or not the charity’s trusts contain provision for the termination of the charity).

(2)If the charity has both a permanent endowment and other property (“unrestricted property”)—

(a)a resolution under section 268(1) must relate to both its permanent endowment and its unrestricted property, and

(b)sections 268 to 272 apply—

(i)in relation to its unrestricted property, as if references in those sections to all or any of the property of the charity were references to all or any of its unrestricted property, and

(ii)in relation to its permanent endowment, in accordance with section 274.

(3)If all of the property of the charity is comprised in its permanent endowment, sections 268 to 272 apply in relation to its permanent endowment in accordance with section 274.

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