26Powers of Board over certain property vested in Crown

#### 26 Powers of Board over certain property vested in Crown 26 Powers of Board over certain property vested in Crown > > (1) If any property used for the conduct of the University is vested in the Crown or a Minister of the Crown (whether as Constructing Authority or otherwise), the Board has the control and management of that property and is responsible for its maintenance. > > > (2) Nothing in subsection (1) enables the Board to alienate, mortgage, charge or demise any land vested in the Crown or a Minister of the Crown (whether as Constructing Authority or otherwise). > > > (3) Despite subsection (2), the Board may (on behalf of the Crown or a Minister of the Crown) lease land of which it has, pursuant to this section, the control and management. > > > (4) Such a lease— > > > > > (a) must not be granted for a term (including any option for the grant of a further term) exceeding 21 years except with the approval of the Minister, and > > > > > (b) is to contain a condition that the lease is not to be assigned and such other conditions as the Board thinks fit. > > > (5) The Board is, in the exercise of its functions under this section, subject to the control and direction of the Minister. > > **s 26:** Am 2014 No 43, Sch 1.9 \[6\].