Section 299 Investments and Securities Act

Section 299 of the Investments and Securities Act 2025 is about Notice of trust not receivable except as provided. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

(1) Except as otherwise provided in this Part, no notice of any trust in respect of any securities shall be receivable by the securities transfer agent or a relevant body.

(2) The securities transfer agent shall not be deemed to have received notice of a trust by reason only of the fact that he has recognised an endorsement on a security by an executor or an administrator as such, and shall not inquire into the terms of any will by which such executor or administrator may be bound.