SCHEDULES

SCHEDULE 5Charitable property on disbanding of units

Part IISuccession to charitable property: England and Wales

Saving for interests in property contingent on disbandment of unit

8

Nothing in this Part of this Schedule applies to any property held by a charity for the purposes of a unit that has been or is to be disbanded if, under the terms on which the property is so held—

a

any interest of the charity in the property is determined on the disbanding of that unit; and

b

any other person or charity has an interest in the property contingent upon the determination of the interest of the charity.