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

Part 4 S General and supplementary

96 Power of charity to participate in certain financial schemes S

(1) Every charity has power to participate in common investment schemes and common deposit schemes.

(2) Subsection (1) does not apply where a charity's constitution excludes such participation by referring specifically to common investment schemes or, as the case may be, common deposit schemes.

(3) In this section, “common investment scheme” and “common deposit scheme” have the meanings given to those expressions in [F1 sections 96 and 100 of the Charities Act 2011].

Textual Amendments

F1 Words in s. 96(3) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 108 (with s. 20(2), Sch. 8)

Commencement Information

I1 S. 96 in force at 27.2.2007 by S.S.I. 2007/117, art. 2(1)