21Receipt for certain money

21 Receipt for certain money

21 Receipt for certain money

A receipt for money paid to the Trust which—

(a) is executed under the seal of the Trust, or

(b) is in writing signed by not fewer than 2 members of the Board, or

(c) is in writing signed by a person or persons purporting to be duly authorised for the purpose by the Trust or by not fewer than 2 members of the Board,

exonerates the person by whom or on whose behalf the money is paid from any liability for the loss, misapplication or non-application of the money.