6Construction of certain instruments

6 Construction of certain instruments

6 Construction of certain instruments

(1) To the extent to which, by a deed, will or other instrument that takes effect on or after the commencement of this Act, any property:

(a) is devised, bequeathed, given, granted, released, conveyed or appointed to the association or to a person (not being the corporation) for, or for the benefit of, or in trust for, the association or the work of the association or is declared or directed to be held by any person (not being the corporation) for or for the benefit of, or in trust for, the association or the work of the association,

(b) is recoverable by the association or by any person (not being the corporation) for the association, or

(c) is payable to, or receivable by the association or by any person (not being the corporation) on behalf of the association, or for the work of the association,

the deed, will or other instrument shall be construed and take effect as if the reference therein to the association or person, as the case may be, were a reference to the corporation.

(2) A receipt or acknowledgment for any property that vests in the corporation pursuant to this section exonerates the person or persons liable to pay, deliver or transfer the property to the corporation for the loss, misapplication or non-application thereof, if the receipt or acknowledgment:

(a) is executed under the common seal of the corporation,

(b) is in writing signed by two persons purporting to be directors of the corporation, or

(c) is in writing signed by a person or persons purporting to be duly authorised for the purpose by the directors of the corporation or by any two of them.