New Clause 10
Charities Bill [Lords]
3:00 pm
Property in trusts from residuary legacies
‘(1) After section 36(5) of the Charities Act 1993 (c.10) insert—
“(5A) References to a “charity trustee” in this section mean a trustee of the relevant charity or any proper officer with delegated authority from trustees.”
(2) After section 36(9) of the 1993 Act insert—
“(9A) Requirements in subsection (3), above, do not apply to any property under the value of £500,000 or a sum afterwards determined by an order, a draft of which has been laid before, and approved by a resolution of, each House of Parliament.”’.—[Martin Horwood.]