Part 11

Charitable incorporated organisations (CIOs)
CHAPTER 5

Supplementary

Meaning of “benefit”
248
1
This section applies for the purposes of sections 226(2)(c), 237(5)(c) and 242(3)(c) (cases where Commission may refuse to consent to amendment of constitution, to grant an application for amalgamation or to confirm a resolution transferring a CIO’s undertaking).
2
“Benefit” means a direct or indirect benefit of any nature, except that it does not include any remuneration (within the meaning of section 185) whose receipt may be authorised under that section.