Section 5 Liability of trustees and others, notwithstanding incorporation.
United Kingdom
After a certificate of incorporation has been granted under the provisions of this Act all trustees of the charity, notwithstanding their incorporation, shall be chargeable for such property as shall come into their hands, and shall be answerable and accountable for their own acts, receipts, neglects, and defaults, and for the due administration of the charity and its property, in the same manner and to the same extent as if no such incorporation had been effected F1. . ..
Annotations
Textual amendments
- F1
Words in s. 5 repealed (1.1.1993) by Charities Act 1992 (c. 41), ss. 48, 78(2), Sch. 4, para. 5, Sch.7; S.I. 1992/1900, art. 4, Sch.3
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.8.1993) by 1993 c. 10, ss. 98(2), 99, Sch.7.