Victorian Consolidated Legislation

Marcus Oldham College Act 1995 - SECT 6

Cancellation of trust and abolition of Council

6. Cancellation of trust and abolition of Council



(1) On the commencement of this Part, by force of this (1) sub-section-

   (a)  the trust shall be cancelled and the trustees shall go out of office;
        and

   (b)  the Council shall be abolished and its members shall go out of office.

(2) A person who, immediately before the commencement of this Part, was a
trustee or member of the Council is entitled to be indemnified by
Marcus Oldham College in respect of any personal liability arising out of the
execution in good faith of the duties, powers, authorities and discretions
conferred or imposed on him or her as a trustee or member of the Council to
the same extent and in the same circumstances as he or she was entitled to be
indemnified by the unincorporated College before that commencement.