Page:Land Titles Ordinance (Cap. 585).pdf/48

LAND TITLES ORDINANCE :(a) in the case of a company required by law to have a common seal, be sealed with the common seal of the company and attested by the liquidator;
 * (b) in any other case, be signed by the liquidator.

(3) Where an order has been made under section 198 of the Companies Ordinance (Cap. 32) vesting in the liquidator of a company any registered land, registered charge or registered long term lease of which the company is the owner or lessee—
 * (a) the liquidator shall present the order to the Registrar; and
 * (b) on the presentation of the order, the Registrar shall register the liquidator as the owner or lessee, as the case may be, of the land, charge or lease.

(4) Where under subsection (3) the liquidator of a company is registered as the owner of registered land or a registered charge, or as the lessee of a registered long term lease, the liquidator shall be subject to—
 * (a) any restrictions (including any rights) provided for in the Companies Ordinance (Cap. 32) or any other enactment; and
 * (b) any interests subject to which the company held the land, charge or lease immediately prior to the order made under section 198 of the Companies Ordinance (Cap. 32) by virtue of which the land, charge or lease was vested in the liquidator.

69. Trusts

(1) A person who, in the capacity of trustee (other than as a personal representative or trustee in bankruptcy)—
 * (a) acquires registered land, a registered charge or a registered long term lease;
 * (b) holds a registered charge;
 * (c) holds a long term lease; or
 * (d) becomes the lessee of a Government lease issued on or after the appointed day,

may be described by that capacity in the relevant instrument, and, if so described, shall be registered with the addition of the words “as trustee” and “作為受託人”, but the Registrar shall not enter particulars of the trust concerned in the Title Register.

(2) Where the owner of registered land or a registered charge, or the lessee of a registered long term lease, makes a declaration of trust in respect of the land, charge or lease, or otherwise comes to hold the land, charge or lease as a trustee (other than as a personal representative or trustee in bankruptcy), the Registrar shall, on the presentation of an application for the registration of a transfer of the land, charge or lease supported by the declaration or other instrument by virtue of which the owner comes to hold the land, charge or