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of <h1>Treasurer as Sole Trustee Cannot Transfer Property Outside Charitable Endowments Act; Authority's Direction Required for Transfers.</h1> A Treasurer of Charitable Endowments is designated as the sole trustee and is restricted from acquiring or transferring property outside the provisions of the Charitable Endowments Act, 1890. Property can only be transferred under a decree or direction from the authority that vested the property in the Treasurer. Such directions may include selling or disposing of property, with proceeds invested as specified by the authority. If divested by government direction, the property is transferred to the person or persons managing it, maintaining the original trust conditions.
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