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Cathedrals Measure 2021
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- Church Measures
- 2021 No. 2
- Property
- Section 25
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25Proceeds of disposal forming part of endowment
(1)Where property which forms part of the permanent endowment of a cathedral is disposed of, the proceeds (including any money received by way of loan on a mortgage or charge on land or premium on the grant of a lease or tenancy) are to be treated as part of the permanent endowment of the cathedral.
(2)This section does not apply to property which is inalienable by virtue of section 20(1).
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