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Associations Incorporation Reform Act 2012
31Trust property
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31 Trust property
(1) Subject to subsection (2) and its rules, an incorporated association may—
(a) act as trustee;
(b) accept and hold on trust real and personal property.
(2) An incorporated association does not have power as trustee of a trust to do an act or thing if by doing that act or thing otherwise than as a trustee, the association would contravene the provisions of this Act or its rules.
S. 31(3) repealed by No. 33/2015 s. 8.
S. 31(4) amended by No. 57/2013 s. 5, repealed by No. 33/2015 s. 8.