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Power of majority of two-thirds of trustees to deal with charity property.
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55.—(1) In this section “disposition”, in relation to property means any sale, exchange, partition, mortgage, lease or other disposition of the property.
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(2) Where the trustees of a charity have power to determine on a disposition of any property of the charity, a majority of two-thirds of the trustees assembled at a meeting of their body duly constituted shall have legal power, on behalf of themselves and their co-trustees, to do, enter into, and execute all such acts, deeds, contracts and assurances as may be requisite for carrying into legal effect any disposition of the property, and all those acts, deeds, contracts or assurances shall have the same legal effect as if they were respectively done, entered into, or executed by all the acting trustees for the time being.
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