sec.81Gifts etc. to foundation taken to be gifts etc. to board

### sec.81 Gifts etc. to foundation taken to be gifts etc. to board A gift, donation, bequest or legacy to, or for the benefit of, the foundation— is taken to be a gift, donation, bequest or legacy to, or for the benefit of, the board; and may be dealt with by the board as if the gift, donation, bequest or legacy had been to, or for the benefit of, the board. Subsection (1) applies whether the gift, donation, bequest or legacy is made or has effect before or after the commencement of this section. s 81 ins 2012 No. 24 s 12 (sec.81-ssec.1) A gift, donation, bequest or legacy to, or for the benefit of, the foundation— is taken to be a gift, donation, bequest or legacy to, or for the benefit of, the board; and may be dealt with by the board as if the gift, donation, bequest or legacy had been to, or for the benefit of, the board. (sec.81-ssec.2) Subsection (1) applies whether the gift, donation, bequest or legacy is made or has effect before or after the commencement of this section. - (a) is taken to be a gift, donation, bequest or legacy to, or for the benefit of, the board; and - (b) may be dealt with by the board as if the gift, donation, bequest or legacy had been to, or for the benefit of, the board.