(1)Every charity has power to participate in common investment schemes and common deposit schemes.
(2)Subsection (1) does not apply where a charity's constitution excludes such participation by referring specifically to common investment schemes or, as the case may be, common deposit schemes.
(3)In this section, “common investment scheme” and “common deposit scheme” have the meanings given to those expressions in sections 24 and 25 of the Charities Act 1993 (c. 10).
Commencement Information
I1S. 96 in force at 27.2.2007 by S.S.I. 2007/117, art. 2(1)