Trust notice prohibition bars recording express, implied or constructive trusts on member and debenture registers. Section 153 prohibits entry of any notice of a trust, whether express, implied or constructive, on the register of members or on the register of debenture ... Summary
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Trust notice prohibition bars recording express, implied or constructive trusts on member and debenture registers.
Section 153 prohibits entry of any notice of a trust, whether express, implied or constructive, on the register of members or on the register of debenture holders, thereby excluding trust information from those statutory registers; amendment removed earlier reference to receipt by the Registrar.
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