9Trust property: How held

9 Trust property: How held

[Section 9 Amended by No. 36 of 1958, ss. 4 and 5 and Sched. 3 ]

(1)  All property from time to time vested in the body corporate shall, so far as the same is not subject to any express trust (other than the said recited Deeds Poll), be held and dealt with as follows:

(a) Property so held for the general purposes of the Salvation Army shall be held and dealt with in accordance with, and subject to, such of the trusts, powers, and provisions of the Deed of Constitution and the Deed Poll of the twenty-sixth day of July 1904, as are applicable to such general purposes; and

(b) Property so held for the social work of the Salvation Army shall be held and dealt with in accordance with, and subject to, the said recited Deed Poll of the first day of June 1920:

Provided that no person dealing with the trustees shall be bound to inquire into the propriety or necessity of any such dealing.

(2)  The trustees may, with the consent of the General, enlarge, modify, vary, or alter the trusts upon which for the time being any of the said property is held: Provided that all such property shall, subject to any such enlargement, modification, variation, or alteration from time to time be held upon either one or other of the trusts mentioned in the last preceding subsection.

(3)  Subsection (2) of this section shall apply to property the subject of any express trust (other than the said recited Deeds Poll) only to the extent (if any) and subject to the conditions (if any) in accordance with which such trust could have been altered if this Act had not been passed.