Vesting in trustees of property given or devised etc for benefit of The Salvation Army
12 Vesting in trustees of property given or devised etc for benefit of The Salvation Army
Whenever by any will, deed, or other instrument, or by any gift or disposition of property made before but not taking effect until after the commencement of this Act, or by any will or other instrument or by any gift or other disposition of property made after the commencement of this Act any real or personal property has been or is devised, bequeathed, or given to or for the benefit of The Salvation Army or to or for the benefit of any fund, corps, institution, branch, or auxiliary thereof, other than real or personal property devised, bequeathed or given to specific trustees upon trust for The Salvation Army or for any such fund, corps, institution, branch, or auxiliary thereof, all such real and personal property shall vest in the Trustees.
The Trustees shall hold any such real and personal property upon the trusts (if any) declared in respect thereof, and if no such trusts have been declared shall hold and deal with such real and personal property and the proceeds thereof in trust for The Salvation Army for such purposes and in such manner as they deem expedient, and may convey, transfer, or deliver any such real or personal property to such person and upon such trusts as they think fit, and the Trustees and any person to whom any such real or personal property is so conveyed, transferred, or delivered may sell, lease, mortgage, or otherwise deal with any such real or personal property:
Provided that the receipt in writing of the Trustees or a majority of them or of any person thereto authorised in writing by the Trustees or a majority of them of any moneys receivable by them in the exercise of those powers shall exonerate the person paying the same to them from seeing to the application thereof and all liability as to the misapplication or non-application thereof, and no person shall be bound to inquire into the validity of any such sale, conveyance, lease, or mortgage.
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