sec.125Registration of stock in name of public trustee

### sec.125 Registration of stock in name of public trustee A body shall not be entitled to refuse to enter the public trustee in any register of ownership by reason only that the public trustee is a corporation. Where any estate under administration by the public trustee includes stock in any body, or where, in the administration of any estate, the public trustee acquires stock in any body— notwithstanding any law or provisions affecting the registration of persons holding stock as trustees or in any other representative capacity, the public trustee shall be entitled to be registered as the proprietor of such stock as trustee, or in any other representative capacity, as the public trustee may require; and notwithstanding the provisions of any other Act or law, such body shall not be entitled by reason of its charter, memorandum or articles of association or rules to refuse to so register the public trustee in any such representative capacity; and the liability of the public trustee in consequence of such registration shall be limited to the assets which, at the time when any demand is made for the satisfaction of any such liability, the public trustee holds on the same trusts; and the public trustee, upon such registration, shall, subject to paragraph (c) , be deemed to be the owner of any such stock. (sec.125-ssec.1) A body shall not be entitled to refuse to enter the public trustee in any register of ownership by reason only that the public trustee is a corporation. (sec.125-ssec.2) Where any estate under administration by the public trustee includes stock in any body, or where, in the administration of any estate, the public trustee acquires stock in any body— notwithstanding any law or provisions affecting the registration of persons holding stock as trustees or in any other representative capacity, the public trustee shall be entitled to be registered as the proprietor of such stock as trustee, or in any other representative capacity, as the public trustee may require; and notwithstanding the provisions of any other Act or law, such body shall not be entitled by reason of its charter, memorandum or articles of association or rules to refuse to so register the public trustee in any such representative capacity; and the liability of the public trustee in consequence of such registration shall be limited to the assets which, at the time when any demand is made for the satisfaction of any such liability, the public trustee holds on the same trusts; and the public trustee, upon such registration, shall, subject to paragraph (c) , be deemed to be the owner of any such stock. - (a) notwithstanding any law or provisions affecting the registration of persons holding stock as trustees or in any other representative capacity, the public trustee shall be entitled to be registered as the proprietor of such stock as trustee, or in any other representative capacity, as the public trustee may require; and - (b) notwithstanding the provisions of any other Act or law, such body shall not be entitled by reason of its charter, memorandum or articles of association or rules to refuse to so register the public trustee in any such representative capacity; and - (c) the liability of the public trustee in consequence of such registration shall be limited to the assets which, at the time when any demand is made for the satisfaction of any such liability, the public trustee holds on the same trusts; and - (d) the public trustee, upon such registration, shall, subject to paragraph (c) , be deemed to be the owner of any such stock.