New South Wales Consolidated Acts

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DORMANT FUNDS ACT 1942 - SECT 18

Commissioner and Charity Referees not bound to follow Cy-pres principle

18 Commissioner and Charity Referees not bound to follow Cy-pres principle

In formulating proposals under this Act the Commissioner and the Charity Referees shall give due consideration to the trusts of the dormant fund or the purposes for which the dormant fund may be utilised or applied but shall not be bound to comply with the principle known as the “Cy-pres principle”.



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