Trust Companies Act 2005 · 2020 Revised Edition · Part 10 · Miscellaneous
55. Registration of trust company as shareholder, etc., not notice of trust
Feedback & supportNeither 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 constitutes a notice of trust.
licensed trust company
“licensed trust company” means a corporation holding a trust business licence;
A company or corporation is not 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.
corporation
“corporation” has the meaning given by section 4(1) of the Companies Act 1967;
In dealings with property, the fact that the person or one of the persons dealt with is a licensed trust company does not of itself constitute a notice of trust.
property
“property” includes property, right and power of every description;