Point in time view as at 14/03/2012.
Charities Act 2011, Section 222 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)A charity trustee of a CIO may not benefit personally from an arrangement or transaction entered into by the CIO if, before the arrangement or transaction was entered into, the charity trustee did not disclose to all the charity trustees of the CIO any material interest (whether direct or indirect) which the charity trustee had in it or in any other person or body party to it.
(2)Nothing in subsection (1) confers authority for a charity trustee of a CIO to benefit personally from any arrangement or transaction entered into by the CIO.
(3)A charity trustee of a CIO—
(a)is entitled to be reimbursed by the CIO, or
(b)may pay out of the CIO's funds,
expenses properly incurred by the charity trustee in the performance of that charity trustee's functions as such.
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