Section Text
(1) Where any property is held or is to be applied intrust for charitable purpose, the 1 [appropriate Government],if it thinks fit, may, on application made as hereinafter mentioned, andsubject to the other provisions of this section, order, by notification in theOfficial Gazette, that the property be vested in the treasurer of CharitableEndowments on such terms as to the application of the property or the incomethereof as may be agreed on between the [appropriate Government] and the person orpersons making the application, and the property shall thereupon so vestaccordingly.
(2) When any property has vested under this section in atreasurer of Charitable Endowments, he is entitled to all documents of titlerelating thereto.
2 [***]
(4) An order under this section vesting property in atreasurer of Charitable Endowments shall not require or be deemed to requirehim to administer the property, or impose or be deemed to impose upon him theduty of a trustee with respect to the administration thereof.
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1.Substituted by the A.O. 1937 for "Local Government".
2.Sub-section (3) omitted, by the A.O. 1937.