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PART 2E+WCharity land

Dispositions and mortgagesE+W

18Exceptions to restrictions on dispositions or mortgages of charity landE+W

(1)The Charities Act 2011 is amended as follows.

(2)In section 117(3) (exceptions to restrictions on dispositions of charity land)—

(a)after paragraph (a) insert—

(aa)any disposition by a liquidator, provisional liquidator, receiver, mortgagee or an administrator,;

(b)omit paragraph (b);

(c)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)—

(a)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).

Commencement Information

I1S. 18 not in force at Royal Assent, see s. 41(4)

I2S. 18(1) in force at 7.3.2024 for specified purposes by S.I. 2024/265, reg. 3, Sch. 1 para. 4(a)