PART 2Charity land
Dispositions and mortgages
I118Exceptions to restrictions on dispositions or mortgages of charity land
I31
The Charities Act 2011 is amended as follows.
2
In section 117(3) (exceptions to restrictions on dispositions of charity land)—
I2a
after paragraph (a) insert—
aa
any disposition by a liquidator, provisional liquidator, receiver, mortgagee or an administrator,
b
omit paragraph (b);
I2c
for paragraph (c) (but not the “or” following it) substitute—
c
any disposition of land held by or in trust for a charity which is made to another charity otherwise than as—
i
a disposition made with a view to achieving the best price that can reasonably be obtained, or
ii
a disposition that is a social investment for the purposes of Part 14A (social investments),
3
In section 124(9) (restrictions on mortgages)—
I2a
after paragraph (a) (and the “or” following it) insert—
aa
granted by a liquidator, provisional liquidator, receiver, mortgagee or an administrator.
b
omit paragraph (b).