7Buildings for trade unions may be purchased or leased

7 Buildings for trade unions may be purchased or leased

[Section 7 Amended by 25 Geo. V No. 78 ]

(1)  Any trade union registered under this Act may, or any two or more trade unions may jointly, for the purposes of the union or unions, purchase or take upon lease, in the names of the trustees of such union or unions, any land or buildings for the purpose of carrying on its or their affairs, and may sell, exchange, mortgage, or let the same.

(2)  No purchaser, assignee, mortgagee, or tenant shall be bound to inquire whether the trustees have authority for any sale, exchange, mortgage, or letting, and the receipt of the trustees shall be a discharge for the money arising therefrom.

(3)  For the purpose of this section every branch of a trade union shall be considered a distinct union, but it shall not be lawful for any branch of a trade union to expend any of its funds in the purchase of lands or erection of any buildings without first obtaining the consent of the parent society.

(4)  No portion of any funds so expended on the purchase of any lands or buildings or on the erection of any buildings shall consist of subscriptions by members of any trade union to the sick or benefit funds of such trade union.