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The Savings Certificates (Yearly Plan) Regulations 1984
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- UK Statutory Instruments
- 1984 No. 779
- MISCELLANEOUS
- Regulation 24
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Notice of trust not receivable by Director of Savings
24.—(1) Subject to the provisions of these Regulations, no notice of a trust shall be receivable by the Director of Savings in respect of an agreement or a certificate.
(2) Neither the Director of Savings nor any person acquiring any interest under an agreement or in respect of a certificate shall, by reason that the terms of the agreement apply to any person as trustee or the certificate is held by any person as trustee (whether jointly with any other person or solely), be affected with notice of any trust or of the fiduciary capacity of the person or of any fiduciary obligation imposed on that person.
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