817. Establishment and functions of the National Art Collections Fund.

(5)     The National Art Collections Fund

817.     Establishment and functions of the National Art Collections Fund.

The National Art Collections Fund1 was formally constituted in 19032 and was incorporated by royal charter in 19283. The fund is a body corporate with perpetual succession and a common seal and may, in its name, plead or defend an action in all courts and has power to do all things generally incidental to or appertaining to a body corporate4.

The government and control of the fund is vested in the executive committee5 which appoints an advisory council6. The fund