17Powers of the Trust

17 Powers of the Trust

(1)  The Trust may, with the approval of the Minister, acquire on behalf of the Crown by gift, bequest, or devise any property for the purposes of this Act and may agree to any condition to which any such gift, bequest, or devise may be subject.

(2)  The rule of equity known as the rule against perpetuities or the rule against remoteness of vesting does not apply to a condition to which a gift, bequest, or devise is subject and to which the Trust has agreed.

(3)  [Section 17 Subsection (3) omitted by No. 15 of 2001, Sched. 2, Applied:01 Jul 2001] .  .  .  .  .  .  .  .  

(4)  This section does not apply to any gift, bequest, or devise of any property to the Allport Library and Museum of Fine Arts referred to in the Allport Library and Museum of Fine Arts Agreement Act 1966 .