Acts and Regulations

2015, c.21 - Trustees Act

Section 70
Disposition versions

Full text
Power to order sale of property – charitable trust
70(1)If, on application, the court finds that a specific property held in trust for a charitable purpose can no longer be used advantageously for the charitable purpose or should for any other reason be sold, the court may authorize the sale of the property and give directions concerning the conduct of the sale and the application of the proceeds from the sale.
70(2)An order under subsection (1) may be made on application by any of the following:
(a) the Attorney General;
(b) the trustees; or
(c) a person appearing to the court to have a sufficient interest in the matter.
Power to order sale of property – charitable trust
70(1)If, on application, the court finds that a specific property held in trust for a charitable purpose can no longer be used advantageously for the charitable purpose or should for any other reason be sold, the court may authorize the sale of the property and give directions concerning the conduct of the sale and the application of the proceeds from the sale.
70(2)An order under subsection (1) may be made on application by any of the following:
(a) the Attorney General;
(b) the trustees; or
(c) a person appearing to the court to have a sufficient interest in the matter.