405. Restrictions on mortgaging charity land.
The basic rule is that no mortgage1 of land2 held by or in trust for a charity3 is to be granted without an order of the court4 or of the Charity Commission5. However, this does not apply6 to a mortgage of any such land if the charity trustees have, before executing the mortgage, obtained and considered proper advice, given to them in writing, on the following relevant matters or matter,
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