Charities and Trustee Investment (Scotland) Act 2005

Yn ddilys o 27/02/2007

96Power of charity to participate in certain financial schemesS

This adran has no associated Nodiadau Esboniadol

(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 sections 24 and 25 of the Charities Act 1993 (c. 10).