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).