Article 166 Effect of registering charity merger on gifts to transferor

(1)

This Article 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 Article 163(5), 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.

(4)

In this Article—