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of <h1>Treasurer of Charitable Endowments Cannot Administer Trusts; Must Keep Separate Accounts for Vested Properties Per 1890 Act.</h1> Under the Charitable Endowments Act, 1890, a Treasurer of Charitable Endowments is restricted from participating in the administration of any trust where property is vested in them. The Treasurer must maintain separate accounts for each vested property, particularly for securities, and apply the property or its income according to the vesting order or scheme. For non-securities, the Treasurer allows those managing the trust to possess, manage, and control the property and its income, unless directed otherwise by the authority responsible for the vesting order.
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