Charities and Trustee Investment (Scotland) Act 2005 (asp 10)

Part 1 S Charities

[F1 Chapter 5A S Reorganisation of restricted funds

Textual Amendments

F1 Pt. 1 Ch. 5A inserted (1.10.2010 for specified purposes) by Public Services Reform (Scotland) Act 2010 (asp 8), ss. 125(1), 134(7); S.S.I. 2010/321, art. 3, Sch.

43D Restricted funds reorganisations: supplementary S

In this chapter—

• “donor” means such person or body who may vary the purpose of, or any conditions imposed in relation to, restricted funds as may be specified by regulations made by the Scottish Ministers as they think fit,

• “restricted funds” means property (including money) given to a charity for a specific purpose and in respect of which conditions have been imposed as to its use,

• a “restricted funds reorganisation scheme” is a scheme for—

  (a)

  the variation of the purpose for which restricted funds may be used,

  (b)

  the variation or removal of any condition imposed on the charity in relation to the use of restricted funds.]