(1)There continues to be an officer known as the official custodian for charities (in this Act referred to as “the official custodian”).
(2)The official custodian's function is to act as trustee for charities in the cases provided for by this Act.
(3)The official custodian is such individual as the Commission may from time to time designate.
(4)The official custodian's duties must be performed in accordance with such general or special directions as may be given by the Commission.
(5)Schedule 2 contains provisions relating to the official custodian.