Sch. 8 para. 131 in force at 27.2.2007 by S.I. 2007/309, art. 2, Sch.

http://www.legislation.gov.uk/ukpga/2006/50/schedule/8/paragraph/131/2009-09-01Charities Act 2006An Act to provide for the establishment and functions of the Charity Commission for England and Wales and the Charity Tribunal; to make other amendments of the law about charities, including provision about charitable incorporated organisations; to make further provision about public charitable collections and other fund-raising carried on in connection with charities and other institutions; to make other provision about the funding of such institutions; and for connected purposes.texttext/xmlenStatute Law Database2024-05-18Expert Participation2009-09-01SCHEDULESSCHEDULE 8Minor and consequential amendmentsCharities Act 1993 (c. 10)1311

Section 39 (supplementary provisions relating to mortgaging) is amended as follows.

2

In subsections (2)(a) and (4) for “the Commissioners” substitute “ the Commission ”.

3

After subsection (4) insert—

4A

Where subsection (3D) of section 38 above applies to any mortgage of land held by or in trust for a charity, the charity trustees shall certify in relation to any transaction falling within that subsection that they have obtained and considered such advice as is mentioned in that subsection.

4B

Where subsection (4A) above has been complied with in relation to any transaction, then, in favour of a person who (whether under the mortgage or afterwards) has acquired or acquires an interest in the land for money or money's worth, it shall be conclusively presumed that the facts were as stated in the certificate.

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