(1)Subsection (2) applies where—
(a)any land is held by or in trust for a charity, and
(b)the trusts on which it is so held stipulate that it is to be used for the purposes, or any particular purposes, of the charity.
(2)The land must not be conveyed, transferred, leased or otherwise disposed of unless the charity trustees have before the relevant time—
(a)given public notice of the proposed disposition, inviting representations to be made to them within a time specified in the notice, which must be not less than one month from the date of the notice, and
(b)taken into consideration any representations made to them within that time about the proposed disposition.
(3)Subsection (2)—
(a)is subject to subsections (5) and (6), and
(b)does not affect the operation of sections 117 to 120.
(4)In subsection (2) “the relevant time” means—
(a)where the charity trustees enter into an agreement for the sale, or (as the case may be) for the lease or other disposition, the time when they enter into that agreement, and
(b)in any other case, the time of the disposition.
(5)Subsection (2) does not apply to any such disposition of land as is there mentioned if—
(a)the disposition is to be effected with a view to acquiring by way of replacement other property which is to be held on the trusts referred to in subsection (1)(b), or
(b)the disposition is the granting of a lease for a term ending not more than 2 years after it is granted (other than one granted wholly or partly in consideration of a fine).
(6)The Commission may, if the condition in subsection (7) is met, direct—
(a)that subsection (2) is not to apply to dispositions of land held by or in trust for a charity or class of charities (whether generally or only in the case of a specified class of dispositions or land, or otherwise as may be provided in the direction), or
(b)that subsection (2) is not to apply to a particular disposition of land held by or in trust for a charity.
(7)The condition is that the Commission, on an application made to it in writing by or behalf of the charity or charities in question, is satisfied that it would be in the interests of the charity or charities for the Commission to give the direction.