19Protection of Registrar in relation to trusts

19 Protection of Registrar in relation to trusts

(1) Stock may be inscribed in the name of a trustee in the capacity as a trustee whether as trustee of a specified trust or as trustee without specifying a trust. (2) Notwithstanding that stock is inscribed in the name of a trustee in the capacity as a trustee, whether as trustee of a specified trust or as trustee without specifying a trust, the Registrar in the capacity as Registrar: (a) is not affected with notice of any trust; and (b) is not required to make any inquiries concerning: (i) any trust; or (ii) the propriety of anything done in relation to stock that is inscribed in the name of a trustee or any part of such stock.