Regimental charitable funds which at one time were invested in the names of officers of regiments were transferred by statute1 to the Bank of England2. The Secretary of State may at any time, with Treasury approval, pay to a holding trustee, that is a nominated corporation, a sum equal to the amount standing to the credit of any such fund3. The trustee must then invest the sum in a manner authorised by the enactments relating to trusts4 and pay the income from the investment to the commanding officer of the regiment or unit in connection with which the fund
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234