PART IPOWERS OF MINISTRY OF FINANCE AS CHARITY AUTHORITY
Powers of Ministry in relation to charity property
18 F1Sale, exchange or mortgage of charity lands.
1
Where—
a
the trustees of a charity apply to the Ministry for power to sell, exchange or mortgage any land belonging to the charity or to surrender any lease held by the charity; and
b
the Ministry is satisfied that the proposed sale, exchange, mortgage or surrender would be for the benefit of the charity;
the Ministry may confer power, subject to such conditions as it may specify, to sell, exchange or mortgage the land or to surrender the lease.
2
The Ministry may, if it is satisfied that to do so would be for the benefit of the charity—
a
sell, exchange or mortgage any land belonging to a charity of which the Ministry is the trustee;
b
surrender any lease held by a charity of which the Ministry is the trustee.
F23
Subsection (1) shall apply to land belonging to a charity, other than land held inalienably by the National Trust for Places of Historic Interest or Natural Beauty, notwithstanding any enactment (including a local or private Act) providing that the land shall be inalienable.]