126
In forceNotice of trust not constituted only by entry of public trustee on any register of ownership
Part 9General
Division 2Notice, transfer and registration of assets
126 Notice of trust not constituted only by entry of public trustee on any register of ownership
(1)
The entry of the public trustee by that name in a register of members of a company or other register of ownership shall not constitute notice of the existence of a trust.
(2)
In dealing with property the fact that the person, or 1 of the persons, dealt with is the public trustee shall not, of itself, constitute notice of a trust.
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