Common use of GIFTS OR DONATIONS Clause in Contracts

GIFTS OR DONATIONS. 12.1 Trust may accept specific trusts Notwithstanding any other provision in this Trust Deed, the Trustees may accept or otherwise deal with any property upon trust for the purposes of the Trust or for any specific purpose that comes within the Trust Purposes. Such a trust may include any trust for the benefit of the Members of the Whanau Hapu or any of them. Any property held by the Trustees pursuant to this clause shall be dealt with in accordance with the terms of the trust and shall not constitute part of the Trust Assets.