Company not bound by less than absolute interestsU.K.
This section has no associated Explanatory Memorandum
45. Except as required by law, no person is to be recognised by the company as holding any share upon any trust, and except as otherwise required by law or the articles, the company is not in any way to be bound by or recognise any interest in a share other than the holder’s absolute ownership of it and all the rights attaching to it.
Commencement Information
I1Sch. 3 art. 45 in force at 1.10.2009, see reg. 1