Gifts to merged charityE+W
33Gifts to merged charityE+W
(1)The Charities Act 2011 is amended as follows.
(2)In section 239 (effect of registration of CIO), for subsection (3) substitute—
“(3)Subsection (4) applies to a gift if—
(a)the gift would have taken effect as a gift to one of the old CIOs if it had not been dissolved, and
(b)the date on which the gift would have taken effect is a date on or after the date of the registration of the new CIO.
(4)The gift takes effect as a gift to the new CIO.”
(3)In section 244 (effect of confirmation of resolution to transfer property etc to another CIO), for subsection (2) substitute—
“(2)Subsection (3) applies to a gift if—
(a)the gift would have taken effect as a gift to the transferor CIO if it had not been dissolved, and
(b)the date on which the gift would have taken effect is a date on or after the date on which the resolution is confirmed (or treated as confirmed).
(3)The gift takes effect as a gift to the transferee CIO.”
(4)In section 311 (effect of registering charity merger on gifts to transferor), for subsection (2) substitute—
“(2)Subsection (2A) applies to a gift, other than an excluded gift, if—
(a)the gift would have taken effect as a gift to the transferor if the transferor had been in existence, and
(b)the date on which the gift would have taken effect is a date on or after the date of the registration of the merger.
(2A)The gift takes effect as a gift to the transferee.”
(5)The amendments made by this section have effect in relation to all gifts made on or after the date this section comes into force; and it does not matter if the will or other document, agreement, transaction or other means which gives rise to the gift was executed or entered into before that date.