2 Schemes for administering university and college trusts

2  Schemes for administering university and college trusts

(1)     A university or college may make a scheme providing, in relation to that university or college, as the case may be, for the following matters:—

(a)     for the application of the scheme to such trusts as may be specified therein, being trusts which are administered by the university or college or which are administered by other trustees for purposes connected with the university or college and are included in the scheme with the consent of those trustees;

(b)     for enabling all the property held by the university or college on any trust to which the scheme applies, with such exceptions as may be specified in the scheme, to be administered by the university or college as a single fund (hereafter referred to as “the Fund”);

(c)     for enabling the trustees of any trust to which the scheme applies which is not administered by the university or college to transfer to the university or college all the property comprised in the trust, with such exceptions as may be specified in the scheme, and for its administration as part of the Fund;

(d)     for enabling [the Minister of Agriculture, Fisheries and Food] to transfer to

Powered by Lexis+®

Popular documents