New South Wales Consolidated Acts

BAPTIST CHURCHES OF NEW SOUTH WALES PROPERTY TRUST ACT 1984 - SECT 21

21 Powers of the Trust, generally

(1) Without affecting the generality of section 50 of the Interpretation Act 1987 , but subject to this Act, the Trust may acquire, hold, manage, deal with, mortgage, charge or dispose of property of any kind and may borrow or raise or secure the payment of money in such manner as the Trust may think fit and may make, endorse and deal with negotiable instruments of any kind.

(2) Where any property is vested in the Trust by or pursuant to this Act, the Trust shall, in relation to that property, have and be subject to all the rights, powers, remedies, liabilities and obligations, and may exercise and discharge, in relation to that property, all or any of the rights, powers and remedies which the person in whom the property was vested, or by whom it was held, immediately before it was vested in the Trust, would have had and been subject to and might have exercised and discharged in relation to that property if the property had not been divested from that person and vested in the Trust.