Power to accept property by gifts, devises and bequests
57 Power to accept property by gifts, devises and bequests
(cf AHS Act s 29)
A statutory health corporation may acquire any property by gift, devise or bequest and may agree to and carry out the conditions of any such gift, devise or bequest, but only if the carrying out of any such conditions is not inconsistent with the purposes and functions of the corporation.
The rule of law against remoteness of vesting does not apply to any such condition to which a statutory health corporation has agreed.
A statutory health corporation may act as trustee of money or other property vested in the statutory health corporation on trust.
This Act’s bill:Explanatory memorandumSecond reading speech
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