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Charities and Trustee Investment (Scotland) Act 2005
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50Constitution and powers
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(1)A SCIO’s constitution must state its name and its purposes.
(2)A SCIO’s constitution must make provision—
(a)about who is eligible for membership, and how a person becomes a member, and
(b)for the appointment of 3 or more persons (“charity trustees”) who are to be charged with the general control of the SCIO’s administration, and about any conditions of eligibility for becoming a charity trustee.
(3)A SCIO’s constitution must also provide for such other matters, and comply with such requirements, as are specified in regulations made by the Scottish Ministers.
(4)A SCIO must use and apply its property in furtherance of its purposes and in accordance with its constitution.
(5)Subject to anything in its constitution, a SCIO has power to do anything which is calculated to further its purposes or is conducive or incidental to doing so.
(6)For the purposes of managing the affairs of a SCIO, its charity trustees may exercise all the SCIO’s powers.
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