Clause 47

Except in the case of fraud, no person dealing with a proprietor or with a person who is entitled to become a proprietor shall be required or in any manner concerned to inquire or ascertain the circumstances in or the consideration for which the current proprietor or any previous proprietor is or was registered, or to see to the application of the purchase money or any part thereof, or is affected by notice (actual or constructive) of any bankruptcy proceeding, trust or other unregistered interest whatsoever, any rule of law or equity to the contrary notwithstanding; and the knowledge that any unregistered interest is in existence shall not of itself be imputed as fraud.

The protection afforded by this section shall commence at the date of the contract or other instrument evidencing such dealing.

Section 18(2) and (3) of the Trustees Act [Cap. 337] shall not apply to any dealing by a proprietor of registered land.