House of Commons Members' Fund Act 1948

5Acceptance of property by the trustees.

(1)In subsection (2) of section three of the principal Act (which empowers the trustees to accept certain property) all the words from " who is or," to the end of the subsection, shall be omitted.

(2)Any property, other than money or authorised investments, accepted by the trustees under the said subsection (2) shall be held upon trust for sale :

Provided that the trustees may in their discretion postpone the sale and conversion of any such property for such time as they think fit.