Part 16Charity mergers

Vesting declarations and effect of merger on certain gifts

C1312“Transferor” and “transferee” etc. in s.310 and s.311

1

In sections 310 and 311—

a

any reference to the transferor, in relation to a relevant charity merger, is a reference to the transferor (or one of the transferors) within the meaning of section 306, and

b

any reference to all of the transferor's property, where the transferor is a charity within section 306(2), is a reference to all of the transferor's unrestricted property (within the meaning of section 306(2)(a)).

2

In sections 310 and 311, any reference to the transferee, in relation to a relevant charity merger, is a reference to—

a

the transferee (within the meaning of section 306), if it is a company or other body corporate, and

b

otherwise, the charity trustees of the transferee (within the meaning of section 306).