Victorian Consolidated Legislation

Libraries Act 1988 - SECT 40

Application of money

40. Application of money



(1) A receipt, if given by the trustees of library land or by any committee of
management of library land and relating to rents under a lease of that land,
is sufficient discharge to the lessee and the lessee need not enquire as to
the application of the rent.

(2) A person lending money to the trustees of library land-

   (a)  need not enquire as to the application of the money lent; and

   (b)  is not liable for the loss or misapplication of any money so lent.