BOND UNIVERSITY ACT 1987 - SECT 8
Gifts etc. to colleges etc.
BOND UNIVERSITY ACT 1987 - SECT 8
Gifts etc. to colleges etc.
8 Gifts etc. to colleges etc.
(1) The university company is authorised to acquire by gift, devise or bequest
property upon trust to apply the same or the proceeds thereof or the income
therefrom for the benefit of a college, chair, centre, institution or other
body established within or associated with Bond University notwithstanding the
beneficiary thereof may not be a legal entity.
(2) A gift, devise or bequest
or property purporting to be to or for the benefit of—
(a) a college, chair,
centre, institution or other body established within or associated with Bond
University; or
(b) Bond University;
shall be deemed to be a gift, devise or
bequest to the university company upon trust to apply the same for the
purposes of the beneficiary in accordance with the terms of the gift, devise
or bequest, and any act that could have been performed by the beneficiary, had
it been a corporate entity, may be performed by the university company as
validly and effectually as if the gift, devise or bequest had been to or for
the benefit of the university company.
