Section 27
Gifts
of Co-Operative Institute (Incorporation) Act 1968 (REVISED—2025)
The Board may, on behalf of the Institute, accept by way of grant, gift, testamentary disposition, subvention, legacy or otherwise, any property and money in aid of finances of the
Institute on such conditions as the Board may determine.
(2)
Any property or money accepted by the Institute under subsection (1) shall, subject to the terms and conditions on which the property or money is given and accepted, be applied by the
Board for all or any of the purposes of the Institute in accordance with this Act.
(3)
A register shall be kept of all properties and moneys accepted by the Board under subsection (1), including the names of the donors and any special conditions on which the properties and moneys may have been given.
(4)
All properties and moneys given and accepted for any specific purposes shall be applied and administered in accordance with the purposes for which the properties and moneys may be given and accepted and shall be separately accounted for.
Co-operative Institute (Incorporation)
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