9Definition of “permanent endowment”E+W
This section has no associated Explanatory Notes
In section 353 of the Charities Act 2011 (minor definitions), for subsection (3) substitute—
“(3)For the purposes of this Act, property is “permanent endowment” if it is subject to a restriction on being expended which distinguishes between income and capital.”
Commencement Information
I1S. 9 not in force at Royal Assent, see s. 41(4)
I2S. 9 in force at 14.6.2023 by S.I. 2023/643, Sch. para. 1 (with regs. 4, 5)