Section 2 Estate to vest in body corporate.
United Kingdom
The certificate of incorporation shall vest in such body corporate all real and personal estate, of what nature or tenure soever, belonging to or held by any person or persons in trust for such charity, and thereupon any person or persons in whose name or names any stocks, funds, or securities shall be standing in trust for the charity, shall transfer the same into the name of such body corporate, F1except that the foregoing provisions shall not apply to property vested in the official custodian for charities. . . . . . F2
Annotations
Textual amendments
- F1
Words substituted by Charities Act 1960 (c. 58), Sch. 6
- F2
Proviso repealed by Charities Act 1960 (c. 58), Sch. 7 Pt. I
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.8.1993) by 1993 c. 10, ss. 98(2), 99, Sch.7.