The trustees or other persons in whom any properties or endowments, whether heritable or moveable, of a parish quoad sacra, other than the statutory properties and endowments of the parish, are vested shall, if so required by the General Trustees, convey or transfer such properties and endowments (hereinafter referred to as non-statutory properties and endowments) or any of them in the option of such Trustees or other persons as aforesaid to the General Trustees or to any other body authorised for the purpose by the General Assembly, or to a permanent body of local trustees, and on their so conveying or transferring the same, such trustees or other persons as aforesaid shall be thereby fully exonered and discharged of the trust under which the said properties and endowments were held without the necessity of any further release, discharge or exoneration.

The General Trustees shall as regards any non-statutory properties and endowments vested in them, and any trustees or other persons shall as regards any such properties or endowments vested in them, have power, subject to the provisions of any deed of trust, conveyance or other deed applicable thereto F1and to the approval of the presbytery of the bounds, to sell or otherwise dispose of such properties and endowments and F2the proceeds thereof shall be applied for such ends, uses and purposes as the General Assembly F3or any body to which the General Assembly may delegate the necessary powers may direct: