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Co-operatives National Law Application Act 2013
98No notice of trust except as provided by this Division
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98 No notice of trust except as provided by this Division
Except as provided in this Division:
(a) no notice of a trust, whether express, implied or constructive, is to be entered on a register or be receivable by the Registrar; and
(b) no liabilities are affected by anything done under this Division; and
(c) nothing done under this Division affects a co-operative with notice of a trust.
Division 7 Sale or transfer of shares