Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Register of members and debenture holders

16. No trusts recognised
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The Bank shall be entitled to treat the registered holder of any share as the absolute owner thereof, and no notice of any trust, expressed or implied, or constructive, shall be entered in the register, or be receivable by the Bank, and the Bank shall not be bound to see to the execution of any such trust.