Control and management of property
41 Control and management of property
The transfer, by this Act, of the control and management of any property from a former institution to the corresponding institution does not affect any power of the person or body by whom the control and management of that property has been conferred, or of any lawful successor of that person or body:
to remove the control and management of that property from the corresponding institution, or
to vary the conditions subject to which the control and management of that property may be exercised by the corresponding institution,
that could have been exercised by that person or body, or by that lawful successor, in respect of the former institution had this Act not been enacted.
This Act’s bill:Explanatory memorandum
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