115 Power of corporation to accept gifts etc
(1) The corporation may acquire, by gift inter vivos, devise or
bequest, any property for the purposes of this Act and may agree to the
condition of any such gift, devise or bequest.
(2) The rule of law against remoteness of vesting shall not apply to
any such condition to which the corporation has
(3) Where the corporation acquires property under subsection
(a) neither an instrument that effects the acquisition nor any
agreement pursuant to which the property is acquired is chargeable with duty
under the Stamp Duties Act
(b) the property, or the value of the property, shall not be included
in the dutiable estate of the donor or testator for the purposes of assessing
death duty under that Act.