Victorian Consolidated Legislation

Coptic Orthodox Church (Victoria) Property Trust Act 2006 - SECT 13

PART 3 THE TRUST AS TRUSTEE FOR THE CHURCH AND SUCCESSOR OF THE CHURCH ASSOCIATIONS

Transfer from the Bishop

13. Transfer from the Bishop



(1) On the appointed day-

   (a)  all property and rights vested in or held by the Bishop on trust for
        the Church or the purposes of the Church vest in the Trust;

   (b)  all liabilities of the Bishop as trustee for the Church or the
        purposes of the Church become liabilities of the Trust.

(2) Without limiting sub-section (1), on the appointed day-

   (a)  the land described in the folios of the Register that are set out in
        Part 1 of Schedule 2 vests in the Trust; and

   (b)  any liability of the Bishop under a mortgage of land described in a
        folio of the Register set out in Part 2 of Schedule 2 becomes a
        liability of the Trust.