11Protection of purchasers etc

11 Protection of purchasers etc

11 Protection of purchasers etc

(1) No purchaser, mortgagee, lessee or other person dealing with the body corporate and neither the Registrar-General nor the Crown Solicitor nor any other person registering or certifying title shall, upon any sale, exchange, mortgage, lease or other dealing purporting to be made under a power conferred by this Act, be concerned to see or enquire into the necessity for or the propriety or the mode of exercising the power, or be affected by notice that the exercise of the power is unauthorised, irregular or improper, and a receipt for any money payable to the body corporate, signed by any three members of the body corporate, shall be a sufficient discharge in favour of, and shall exonerate the person paying such money from all responsibility for the application of such money.

(2) Where:

(a) an instrument purports to exercise a power conferred by this Act, and to pass or create an estate or interest in land described in the instrument as being church trust property, and

(b) the land which the instrument purports to pass or affect is not, in fact, under the provisions of the Real Property Act 1900 as amended by subsequent Acts, and

(c) the instrument is executed in accordance with the requirements of this Act by the body corporate, and

(d) the instrument is registered under the provisions of the Registration of Deeds Act 1897 as amended by subsequent Acts,

such instrument shall:

(i) in favour of every person claiming any estate or interest under or through the instrument, be conclusive evidence against the body corporate claiming any estate or interest against that person, that the land described in the instrument as being church trust property was church trust property at the time of the execution of the instrument, and that the body corporate had at the time of the execution thereof an estate or interest in the land so described sufficient to make the instrument effective to pass or create the estate or interest which the instrument purported to pass or create, and

(ii) in favour of every person claiming any estate or interest under or through the instrument and having taken for value, without notice that the land in which the instrument purports to create an estate or interest was not church trust property or that the body corporate had not an estate or interest sufficient to make the instrument effective to pass or create the estate or interest which the instrument purported to pass or create, and in favour of every person claiming under or through any person having so taken, as against every person claiming under or through an instrument executed before the commencement of this Act or under or through an instrument executed by the body corporate, and not in either such case registered under the , as amended by subsequent Acts, before the registration under that Act of the instrument by this subsection made evidence, be conclusive evidence that the land described in the instrument so made evidence as being church trust property was at the time of the execution of that instrument church trust property and that at such time the body corporate had an estate or interest in the land so described sufficient to make that instrument effective to pass or create the estate or interest which that instrument purported to pass or create.