121Holder of certificate may deal with certificate

#### 121 Holder of certificate may deal with certificate 121 Holder of certificate may deal with certificate > > (1) The person registered as the owner of a certificate may, subject to this Part, deal with the certificate as its absolute owner and give good discharges for a consideration for the dealing. > > > (2) This clause is subject to any rights appearing in the register of certificates to belong to another person, being rights that are registered in accordance with the regulations. > > > (3) This clause only protects a person who deals with the person registered as the owner of the certificate as a purchaser in good faith for value and without notice of any fraud on the part of the registered owner. > > > (4) Despite subclause (3), a person who purchases a certificate in good faith for value does not lose the protection provided by this clause because the person has notice that a person has been found guilty of an offence against this Part in respect of the creation of a certificate.