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The Police Federation Regulations 1969
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- UK Statutory Instruments
- 1969 No. 1787
- PART III
- Regulation 20
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Trustees of Federation property and funds
20.—(1) Federation property and funds held by a branch board or joint branch board shall be vested in not more than three trustees appointed in such manner as may be determined by the board in question.
(2) Federation property and funds held by a central committee or the joint central committee shall be vested in three trustees appointed by the committee in question.
(3) Where any Federation funds are vested in trustees in accordance with this Regulation those trustees shall not invest the funds or vary any investment except in pursuance of the powers of investment conferred on trustees generally by the Trustee Investment Act 1961 and in accordance with the directions of the appropriate board or committee.
(4) Where any Federation property or funds are vested in three trustees in accordance with this Regulation, any two of those trustees shall have the like powers to deal with that property or those funds as they would have had if they had been the sole trustees thereof.
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