34BDirections creating trusts

34B Directions creating trusts

34B Directions creating trusts

(1) Conference or a Conference Committee or Conference Auxiliary may, by a resolution duly passed or deemed to have been passed in accordance with section 34A, direct the Trust to hold any specified property real or personal of Churches of Christ in New South Wales or of that Conference Committee or Conference Auxiliary, as the case may be, in trust for or for the benefit of some Church of Christ or for Churches of Christ in New South Wales or for any Conference Committee or Conference Auxiliary as specified in that resolution or for the Churches of Christ generally and, subject to subsection (2), upon receipt of a certified copy of that resolution, the Trust shall do all such things as may be required to give effect thereto.

(2) The Trust shall not begin to hold property referred to in subsection (1) in trust for a Church of Christ or for Churches of Christ in New South Wales or for a Conference Committee or Conference Auxiliary in accordance with a resolution referred to in that subsection until:

(a) any Church of Christ for which the property is to be held in trust is registered under Part 5, has appointed the Trust as its only Church Trustee and has, by special resolution, agreed to the Trust’s accepting that property, or

(b) where the property is to be held in trust for Churches of Christ in New South Wales or for a Conference Committee or Conference Auxiliary, Conference or that Committee or Auxiliary, as the case may be, has, by resolution duly passed, agreed to the Trust’s accepting that property.

pt 5A (ss 34A, 34B): Ins 1982 No 100, Sch 6.