8Functions of Association

8 Functions of Association

(1)  Except in the case where section 10 applies the only function of the Association in its capacity of trustee for an affiliated Church of Christ shall be to hold the trust property and invest funds it may receive in respect of the property, and dispose of the property as the particular affiliated Church of Christ at a special meeting shall direct, and for that purpose the Association shall execute all such documents and perform all such acts as the affiliated Church of Christ at a special meeting directs.

(2)  As between the Association and an affiliated Church of Christ and without prejudice to the rights and equities of any other person, the Association shall have the custody of all securities and documents of title relating to trust property, but that Church of Christ shall have free access to such securities and documents of title, and be entitled to take copies of the extracts from them.

(3)  The Association shall not be liable for any act or default of any affiliated Church of Christ or of the Board of Elders and Deacons or other governing authority of any such Church of Christ.

(4)  All actions and proceedings touching or concerning trust property shall be brought or defended in the name of the Association as trustee for the affiliated Church of Christ.

(5)  A person dealing with the Association or the Recorder of Titles shall not be concerned to enquire as to the concurrence or otherwise of any affiliated Church of Christ in any matter or be affected by notice of the fact that the affiliated Church of Christ has not concurred therein.

(6)  The Association may receive, for acting as trustee, such remuneration as may be authorized by resolution of convention.

(7)  Before the Association executes any document or performs any act under subsection (1) it may require a further special meeting of the affiliated Church of Christ to ratify the direction to the Association to deal with the trust property of the affiliated church.