Section 5: Power to accept gifts
(1) The Board may accept gifts, grants, gifts of land, donations, money, voluntary subscriptions or other property bequests upon such terms and conditions, if any, as may be specified by the person or organisation making the gift.
(2) The Board shall not accept any gift, grant or donation under subsection (1) of this section, if the conditions attached to the acceptance thereof are inconsistent with or inimical to the objectives of the Board under this Act.
(3)
The Board may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest its funds, including any of its surplus funds, in any securities as it may approve.
Cite this section
Section 5, COMMUNITY BANKS ACT (1990).
https://repo.podus.ai/laws/community-banks-act/section/5/