(1)Subject to subsections (2), (4) and (6), the Trust may transfer its interest in the Common and any property, rights and liabilities relating to the Common to another person (“a transferee”).
(2)A transferee must be a charity.
(3)Where a transfer has been made, references in this Act (including in subsection (1)) to the Trust are to be construed as references to the transferee.
(4)A transfer under subsection (1) is not a disposition falling within section 117(3)(a) of the Charities Act 2011 (restrictions on dispositions of land: general).
(5)Where a transfer of an interest in the Common or any part of the Common under this section includes a registrable disposition of land under the Land Registration Act 2002, the transferee must apply to the Chief Land Registrar for registration in the register of title of a restriction to reflect subsection (2).
(6)Nothing in this section affects the operation of regulations made under section 245 of the Charities Act 2011 (regulations about winding up, insolvency and dissolution of charitable incorporated organisations).
Commencement Information
I1S. 12 in force at Royal Assent