Singapore legislation
Clause 55
Clause 55
Registration of trust company as shareholder, etc., not notice of trust
(1)
Neither the application by a licensed trust company for registration as a member or shareholder in the books of any company or corporation nor the entry of the name of a licensed trust company in the books of any company or corporation shall constitute a notice of trust.
(2)
No company or corporation shall be entitled to object to the entering of the name of a licensed trust company in its books by reason only that the licensed trust company may be or is a trustee.
(3)
In dealings with property, the fact that the person or one of the persons dealt with is a licensed trust company shall not of itself constitute a notice of trust.