Victorian Consolidated Legislation

Aboriginal Lands Act 1970 - SECT 13

Entries in register of members

13. Entries in register of members



(1) Subject to the provisions of this section, the transfer of shares in a
Trust shall be effected only by alteration of the register of members on
production by the transferee of a proper instrument of transfer.

(2) The personal representative of a deceased member of a Trust may, on making
application in writing and producing evidence of his appointment satisfactory
to the Trust, have his name entered in the register of members as the owner of
the shares of the deceased member.

(3) Except as required by law, no person shall be recognized by a Trust as
holding any share upon any trust, and the Trust shall not be bound by or
compelled to recognize (even when having notice thereof) any equitable
contingent future or partial interest in any share or any other rights in
respect of any share, except an absolute right as to the entirety thereof in
the person registered as the owner thereof.

(4) Where a share is owned by a person known by the Trust to be an infant or
under any other disability, the Trust shall mark the register accordingly.