PART 4

General financial provisions

Powers of the Board

Status as trustee
45
1
The Board may accept a transfer of real or personal property subject to existing charitable trusts for the benefit of qualifying persons and may administer the property as trustee.
2
The Board may act as custodian trustee, or otherwise as trustee for limited purposes only, of real or personal property subject to charitable trusts for the benefit of qualifying persons; and section 4(1) and (2) of the Public Trustee Act 1906 (which makes provision as to custodian trustees) applies to the Board as it applies to the Public Trustee.
3
Each of the following is a “qualifying person”—
a
a retired clerk or church worker,
b
the surviving spouse or civil partner or a child or dependant of a deceased clerk or church worker.
4
The Board is to continue to be a trust corporation for the purposes of—
a
the Law of Property Act 1925;
b
the Settled Land Act 1925;
c
the Trustee Act 1925;
d
the Administration of Estates Act 1925;
e
the Senior Courts Act 1981.
S. 45 in force at 1.3.2019 by S.I. 2019/98, art. 2