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Q: UK Charity Law ( No Answer,   0 Comments )
Question  
Subject: UK Charity Law
Category: Reference, Education and News > General Reference
Asked by: tizonleemee-ga
List Price: $30.00
Posted: 08 Jun 2004 03:44 PDT
Expires: 08 Jul 2004 03:44 PDT
Question ID: 358051
is a UK charity legally bound to maximise its resources to achieve
that charities objectives? for example, a Charity which is formed as a
preservation trust for a small town owns a building worth
substantially more than it was when it was first purchased. It is now
owned by the charity who get an income from it in the region of
£5,000GBP, but is valued at £250,000GBP. Is there an obligation on the
charity to sell the property, and then use the money to carry on new
preservation work? Are there any legal precedents? Can the charity be
forced to sell the building to realise its assets?
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