CHARITIES BILL
Amendments 162-3
Page 35, line 5: after “charity” insert “or charities”
Page 35, line 6: after “are” insert “together”
This provision relates to a situation where a small charity may wind itself up by transferring its capital to another charity. As currently drafted it would preclude a situation where a charity which has two distinct objects wishes to divide its assets and transfer them to two charities each of which has objects encompassing one of the transferor charity’s objects but not both. The amendment is intended to permit such transfers.
