Companies Act, 1973 (Act No. 61 of 1973)Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for SaleMembers and registers of members104. Trusts in respect of shares |
A company shall not be bound to see to the execution of any trust, whether express, implied or constructive, in respect of any share.