sec.374AInterests held in trust must be registered

### sec.374A Interests held in trust must be registered Unless a lease is issued to a person as trustee under section 374 , a person may hold an interest in a lease or sublease in trust only if there is registered— a transfer of the interest to, or a document creating the interest in favour of, the person as trustee; or a request to vest the interest in the person as trustee. For subsection (1) (b) , a request to vest an interest in a lease or sublease in a person as trustee includes a request to give effect to an order of a court appointing the person as trustee for the sale of the lease or sublease. s 374A ins 1997 No. 28 s 295 sch 3 amd 2010 No. 12 s 148 ; 2017 No. 10 s 18 (sec.374A-ssec.1) Unless a lease is issued to a person as trustee under section 374 , a person may hold an interest in a lease or sublease in trust only if there is registered— a transfer of the interest to, or a document creating the interest in favour of, the person as trustee; or a request to vest the interest in the person as trustee. (sec.374A-ssec.2) For subsection (1) (b) , a request to vest an interest in a lease or sublease in a person as trustee includes a request to give effect to an order of a court appointing the person as trustee for the sale of the lease or sublease. - (a) a transfer of the interest to, or a document creating the interest in favour of, the person as trustee; or - (b) a request to vest the interest in the person as trustee.