Charities Act 2022 (c. 6)

PART 5 E+W Charity mergers

Vesting declarations E+W

34 Vesting declarations: exclusions E+W

In section 310(3) of the Charities Act 2011 (exclusion of certain property from automatic vesting following a vesting declaration)—

(a) omit paragraph (a);

(b) for paragraph (b) (but not the “or” following it) substitute—

“(b) any land held by the transferor under a lease or agreement if, had the transferor assigned its interest in the land on the specified date to the transferee, that assignment would have given rise to—

(i) an actionable breach of covenant or condition against alienation, or

(ii) a forfeiture,”.

Commencement Information

I1 S. 34 not in force at Royal Assent, see s. 41(4)

I2 S. 34 in force at 7.3.2024 by S.I. 2024/265, reg. 3, Sch. 1 para. 9

35 Vesting permanent endowment following a merger E+W

In section 306 of the Charities Act 2011 (meaning of “relevant charity merger”), in subsection (2)—

(a) in paragraph (a), omit “a”;

(b) omit paragraph (b) and the “and” before it.

Commencement Information

I3 S. 35 not in force at Royal Assent, see s. 41(4)

I4 S. 35(a) in force at 14.6.2023 by S.I. 2023/643, Sch. para. 16

I5 S. 35(b) in force at 7.3.2024 by S.I. 2024/265, reg. 3, Sch. 1 para. 10