Trusts of property
3 Trusts of property
Such real property and moneys shall be held by the Society upon trust to use the same for the purpose of—
administering relief and providing affordable housing and other assistance to sick or disadvantaged people in the State; and
undertaking all such things or activities which are necessary, incidental or conducive to the advancement of the purpose referred to in paragraph (a).
If such real property is at any time sold under the power to sell conferred by the rules of the Society, such other real property as is purchased in substitution therefor shall be held on the same trust.
Subject to the provisions of subsection (1) of this section, such real property and moneys shall be managed and dealt with in all respects according to the rules of the Society.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.