39. Exoneration from effect of notice
Feedback & supportExcept in the case of fraud, no person dealing with a proprietor or with a person who is entitled to become a proprietor is 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 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.
interest
“interest”, in relation to land, means any interest in land recognised as such by law, and includes an estate in land;
The protection afforded by this section commences at the date of the contract or other instrument evidencing such dealing.
Section 18(2) and (3) of the Trustees Act [Cap. 337] does not apply to any dealing by a proprietor of registered land.[35
registered land
“registered land” means land which has been brought under the provisions of this Act by being included in a folio of the land-register;