Gifts, trusts etc.
7 Gifts, trusts etc.
If-
before or after the commencement of this Part-
a gift, disposition or trust of property is made or declared or is deemed to have been made or declared; or
a trust fund is created-
(whether by deed, will or otherwise) to, in favour of, for the use of, or for the purposes of, the unincorporated College; and
the gift, disposition, trust or trust fund takes effect, or may make effect, or the trust fund may be applied, on or after that commencement-
the gift, disposition, trust or trust fund does not fail only because of the provisions of this Part, but on or after that commencement-
in the case of a gift, disposition or trust of property, takes effect as if made or declared to or in favour of Marcus Oldham College for a purpose of Marcus Oldham College that corresponds with, or is similar to, those purposes of the unincorporated College for which it was made or declared; or
in the case of a trust fund, may be applied as if created in favour of Marcus Oldham College for a purpose of Marcus Oldham College that corresponds with, or is similar to, those purposes of the unincorporated College for which the fund was created.
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