19Sale or disposal of certain property

#### 19 Sale or disposal of certain property 19 Sale or disposal of certain property > > (1) Where the Trust adjudges any real or personal property for the time being vested in the Trust to be unfit for or not required for its objects, the Trust may notwithstanding the terms of any trust affecting the property or of any arrangement or condition made or agreed to by the Trust at the time of its acquisition by the Trust— > > > > > (a) sell the property or exchange it for any other property, or > > > > > (b) dispose of without consideration or in the case of personal property destroy the property if the Trust adjudges it to be of no salable value. > > > (1A) The proceeds of any sale under subsection (1) (a) are, after deducting the costs of the sale (including incidental costs), to be held by the Trust for the objects of the Trust. > > > (2) Any property sold or disposed of by way of exchange or otherwise by the Trust purporting to exercise any of the powers conferred on the Trust by this section shall vest in the person acquiring it by virtue of the sale or other disposition freed and discharged from any trust, arrangement or condition relating to any sale or disposition of the property or to the use of the property to which the property was subject in the hands of the Trust. > > > (3) No person acquiring any property from the Trust purporting to exercise any of the powers conferred on the Trust by this section shall be concerned to inquire whether a case has arisen to authorise the sale or other disposition of the property or whether the power was otherwise properly and regularly exercised or to see the application of any purchase money paid to the Trust. > > **s 19:** Am 2005 No 64, Sch 1.42 \[5\] \[6\].