8 Property held in trust for Union
(1) On and from the date of unification and until distribution has been made in accordance with the provisions of subsection (9) or subsection (10) of section 9 (Allocation of property to which section 8 applies) of this Act, all property to which this section applies shall be held so far as circumstances will permit upon the same trusts and with and subject to the same powers and provisions as those upon which the property was held before the date of unification but the purposes of such trusts and the powers and provisions thereof shall be hereby varied or extended so as to include purposes of the United Reformed Church corresponding to any purpose of the trust which was extant before the date of unification.
(2) If immediately before the date of unification any property to which this section applies was (in whomsoever vested) subject to the management of any dissolved association then, until distribution has been made in accordance with the provisions of subsection (9) or subsection (10) of section 9 (Allocation of property to which section 8 applies) of this Act, the management of that property shall be exercised—
(a) where the management was previously exercised by a concurring church, by the local church corresponding to that concurring church; and
(b) in any other case, by such persons as the Synod of Scotland shall appoint but the Synod of Scotland may delegate the exercise of its powers under this paragraph to any person or body of persons.
(3) This section applies to all property which immediately before the date of unification is held for or on behalf of, or in trust for, or for the purposes of, or in connection with, the Union (and in particular shall include all property held by the company) other than—
(a) property to which section 6 (Heritable property held in trust for concurring churches) or section 7 (Other property held in trust for concurring churches) of this Act applies;
(b) property comprising the Scottish Congregational Ministers' Central Pension Scheme, The Scottish Congregational Ministers' Money Purchase Pension Scheme and The Scottish Congregational Ministers Money Purchase Pension Fund Trust;
(c) property held for or on behalf of, or in trust for, or for the purposes of, or in connection with a non-concurring church;
(d) property to which section 23 (Property of a church which has left the Union) of this Act applies; and
(e) property to which section 24 (Property held in trust for Scottish Congregational College) of this Act applies.