PART VGENERAL PROVISIONS AS TO REGISTRATION
54Notice of trusts.
1
2
None of the following persons shall, by reason merely of the receipt by the Registrar of a document for the purpose of registration, be affected by notice of any trust contained in, or arising out of matters contained in, such document—
a
the Registrar;
b
a registered transferee for valuable consideration of the land;
c
a registered owner of a burden created for valuable consideration on the land;
d
a person claiming an estate created for valuable consideration in a registered burden on the land.
3
In this section, “trust” includes express, implied and constructive trusts.