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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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