Charities Act, 1961

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Power of Board to authorise or make sale, exchange or surrender lease of charity land.

34.—(1) In this section “disposition”, in relation to land, means a disposition of the land by—

(a) selling it, or

(b) exchanging it for other land, or

(c) surrendering a lease of it.

(2) Where an application is made to the Board by the trustees of any charity comprising land representing that a specified disposition of the land can be effected on terms which would be advantageous to the charity, the Board may, if they think fit, inquire into the circumstances, and if, after inquiry, they are satisfied that the proposed disposition would be advantageous to the charity, they may authorise the applicants to make that disposition and give such directions in relation thereto and for securing the due investment of the money arising therefrom, for the benefit of the charity, as they think fit.

(3) The Board may, if they think proper, authorise, with retrospective effect, a specific disposition made without such authority.

(4) If it appears to the Board in respect of any charity comprising land of which they are trustees that any disposition of the land would be beneficial to the charity, they may make that disposition of the land and the money arising therefrom shall be invested for the benefit of the charity in such manner as the Board think fit.