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Sale, exchange or mortgage of charity lands. 18.(1) Where (a)the trustees of a charity apply to the Ministry for power to sell, exchange or mortgage any land belonging to the charity or to surrender any lease held by the charity; and (b)the Ministry is satisfied that the proposed sale, exchange, mortgage or surrender would be for the benefit of the charity; (2) The Ministry may, if it is satisfied that to do so would be for the benefit of the charity (a)sell, exchange or mortgage any land belonging to a charity of which the Ministry is the trustee; (b)surrender any lease held by a charity of which the Ministry is the trustee. [(3) Subsection (1) shall apply to land belonging to a charity, other than land held inalienably by the National Trust for Places of Historic Interest or Natural Beauty, notwithstanding any enactment (including a local or private Act) providing that the land shall be inalienable.]
© 1964 Crown Copyright
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