16Acquisition of property by gift

16 Acquisition of property by gift

16 Acquisition of property by gift

(1) The Trust may acquire property by gift (whether on trust or otherwise) for the purposes of this Act and may agree to, and carry out, the conditions of any such gift, but only if the carrying out of any such condition is not inconsistent with the functions of the Trust.

(2) The rule of law against remoteness of vesting does not apply to any condition of a gift to which the Trust has agreed under this section.

(3) The Duties Act 1997 does not apply to or in respect of any gift made or to be made to the Trust.

(4) In this section, gift includes a devise or bequest.