14Acceptance of gifts, &c.

14 Acceptance of gifts, &c.

(1)  The Board, on behalf of the Crown, may –

(a) accept or decline gifts relating to the discharge of its responsibilities, whether of money or property and whether from living persons or by bequest or devise and whether on trust or otherwise; and

(b) agree to and carry out any lawful condition of any gift that it accepts.

(2)  The rule of law known as the rule against perpetuities does not apply to any condition of a gift accepted by the Board.

(3)  The Duties Act 2001 does not apply to or in respect of any gift accepted by the Board.

(4)  The Board, on behalf of the Crown, may accept or decline loans and deposits of material relevant to the discharge of its responsibilities.