41 Transfer of funds in court to Official Custodian for Charities and Church Commissioners.E+W+S
(1)Any funds for the time being vested in the Accountant General and held by him in trust for any charity or in trust for any ecclesiastical corporation in the Church of England may, if the Accountant General on an application made in that behalf to him by the Charity Commissioners or the Church Commissioners thinks fit so to direct, be transferred to the Official Custodian for Charities or the Church Commissioners, as the case may be.
(2)Any funds transferred by virtue of a direction given under subsection (1) above shall be vested in and held by the Official Custodian for Charities or the Church Commissioners respectively in trust for the charity or ecclesiastical corporation upon the trusts upon which the funds were held before the transfer.
(3)In this section “ecclesiastical corporation” means a capitular body within the meaning of the M1Cathedrals Measure 1963 or the incumbent of a benefice.
Modifications etc. (not altering text)
C1S. 41(3) amended (30.6.1999) by 1999 No. 1, ss. 36(2)(6), 38(2)(3) (with ss. 33, 34, 37, 38(2)(3)(5)(6))
Marginal Citations