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Notice of trusts. 54.(1) Save as is expressly provided by this Act, notice of a trust shall not be entered on any register. (2) None of the following persons shall, by reason merely of the receipt by the Registrar of a document for the purpose of registration, be affected by notice of any trust contained in, or arising out of matters contained in, such document (a)the Registrar; (b)a registered transferee for valuable consideration of the land; (c)a registered owner of a burden created for valuable consideration on the land; (d)a person claiming an estate created for valuable consideration in a registered burden on the land. (3) In this section, "trust" includes express, implied and constructive trusts.
© 1970 Crown Copyright
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