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CHARITIES ACT 1978 - SECT 6 Payment by trustees to charitable institutions

CHARITIES ACT 1978 - SECT 6

Payment by trustees to charitable institutions

    (1)     Subject to any express provision to the contrary in the trust instrument, the receipt in writing of the treasurer or other proper officer for the time being of any charitable institution association or other body shall be a sufficient discharge for any payment of money or transfer of property thereto pursuant to a trust instrument and trustees making any such payment or transfer shall not be concerned to inquire as to the application of any money paid or property transferred.

    (2)     The provisions of subsection (1) shall not apply to any trust instrument executed before the commencement of this section.

S. 7 amended by No. 11/2005 s. 7(ILA s. 39B(1)).