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311Effect of registering charity merger on gifts to transferor

(1)    This section applies where a relevant charity merger is registered in the register of charity mergers.

(2)    Any gift which—

(a)    is expressed as a gift to the transferor, and

(b)    takes effect on or after the date of registration of the merger,

takes effect as a gift to the transferee, unless it is an excluded gift.

(3)    A gift is an excluded gift if—

(a)    the transferor is a charity within section 306(2), and

(b)    the gift is intended to be held subject to the trusts on which the whole or part of the charity's permanent endowment is held.

NOTES
Initial Commencement
Specified date

Specified date: 14 March 2012: see s 355.

Registering Charities With Charity Commission91 Charities91 Gifts & Legacies99 Registration91 Gifts to Charities99 Succession Law & Estate Planning99

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