21Persons exonerated from liability on receiving receipt for money paid to Trust

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

21 Persons exonerated from liability on receiving receipt for 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 not fewer than 2 members of the Board, or

(c) is in writing signed by a person or persons purporting to be duly authorised for the purpose by the Trust,

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.