Religious, Charitable, and Educational Trusts Amendment Act 1951
Religious, Charitable, and Educational Trusts Amendment Act 1951
Religious, Charitable, and Educational Trusts Amendment Act 1951
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Religious, Charitable, and Educational Trusts Amendment Act 1951
Public Act |
1951 No 29 |
|
Date of assent |
1 December 1951 |
|
An Act to amend the Religious, Charitable, and Educational Trusts Act 1908.
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—
1 Short Title.
This Act may be cited as the Religious, Charitable, and Educational Trusts Amendment Act 1951, and shall be read together with and deemed part of the Religious, Charitable, and Educational Trusts Act 1908 (hereinafter referred to as the principal Act).
2 Property may be disposed of for other charitable purposes.
(1)
The principal Act is hereby amended by repealing section fifteen, and substituting the following section:—
“15
In any case where property is held upon trust for a particular charitable purpose and it is impossible or impracticable or inexpedient to carry out that purpose, or the amount available is inadequate to carry out that purpose, or that purpose has been effected already, or that purpose is illegal or uncertain, then the property so held or any part or residue thereof may be disposed of for some other charitable purpose, or a combination of such purposes, in the manner and subject to the provisions hereinafter contained.”
(2)
The provisions of the said section as so substituted shall apply with respect to trusts created before or after the passing of the principal Act.
Repeal.
(3)
Section four of the Religious, Charitable, and Educational Trusts Amendment Act 1928 is hereby consequentially repealed.
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Religious, Charitable, and Educational Trusts Amendment Act 1951
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