s 311 Effect of registering charity merger on gifts to transferor
(1) This section applies where a relevant charity merger is registered in the register of charity mergers. (2) Subsection (2A) applies to a gift, other than an excluded gift, if— (a) the gift would have taken effect as a gift to the transferor if the transferor had been in existence, and (b) the date on which the gift would have taken effect is a date on or after the date of the registration of the merger. (2A) The gift takes effect as a gift to the transferee. (3) A gift is an excluded gift if— (a) the transferor is a charity within section 306(2), and (b) the gift is intended to be held subject to the trusts on which the whole or part of the charity's permanent endowment is held.