(1)Where in any diocese there is established an existing Board of Finance or a Diocesan Trust, and such existing Board of Finance or Diocesan Trust does not become the Board of Finance for such diocese under this Measure, the [F1Diocesan Synod] shall in the case of an existing Board of Finance, and may in the case of a Diocesan Trust, provide for the transfer of the property held by such existing Board or the whole or part of the property held by such Diocesan Trust to the Diocesan Board of Finance constituted under this Measure, and the existing Board or the Diocesan Trust, as the case may be, shall comply with any directions of the [F1Diocesan Synod] in connection with such transfer.
(2)Every transfer of property under the provisions of this clause shall be effected in such manner as having regard to the nature of the property is required by law to effect the vesting of the same in the Diocesan Board of Finance constituted under this Measure, and such Diocesan Board of Finance shall hold all property transferred to it hereunder subject to all the trusts affecting the same.
Textual Amendments
F1Words substituted by virtue of Synodical Government Measure 1969 (No. 2), s. 4(7)