43
CurrentSelection of designated purpose
Part 5Property and finance
Division 1Property held on trust or conditions
43 Selection of designated purpose
(1)
In selecting the designated purpose, the council must prefer a purpose that—
(a)
is as nearly similar as practicable to the donor’s purpose; and
(b)
can practically and conveniently be achieved.
(2)
However, the scheme is not invalid merely because another designated purpose may have been more properly selected under subsection (1).
This Act’s bill:Explanatory memorandum
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