40Persons exonerated from liability on receiving receipt for certain money paid to Trust

40 Persons exonerated from liability on receiving receipt for certain money paid to Trust

40 Persons exonerated from liability on receiving receipt for certain money paid to Trust

A receipt for money paid to the Trust that:

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

(b) is in writing signed by two members of the Board (one of whom is the Chairperson), or

(c) is in writing signed by a person duly authorised for the purpose by the Trust or by two members of the Board (one of whom is the Chairperson),

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.