Section 69

shall, whenever he is satisfied that pursuant to section 50 or 68 any person should be registered as the proprietor of any holding as trustee; and

may, whenever he is satisfied that in any other case it is proper so to do, enter upon the replacement title of any holding in the Interim Register an endorsement that the proprietor thereof holds such land “as trustee”:

54 Laws of Malaysia ACT 518

Provided that where the Director is satisfied that such proprietor is a trustee for sale he shall not make any such endorsement.

Any proprietor registered “as trustee” of any holding under subsection (1) shall hold such holding in trust for the persons and for the purposes for which it is applicable by law.

Subject to this Act and the National Land Code, and of any caveat affecting such title or interest, neither the Director nor any person dealing with any replacement title or other interest registered in the Interim Register shall by reason of the registration of any person “as trustee” be affected with notice of any trust, express, implied or constructive; and any purchaser thereof shall not be concerned to enquire whether a dealing with the holding comprised therein is within the powers of the proprietor, but shall be entitled to assume that the proprietor has all the powers of disposition of a beneficial owner of the interest in question:

Provided that in the case of any person registered under section 50

as the proprietor for life as trustee of a holding, such powers of disposition shall not be deemed to exceed those conferred on him by or under any settlement under which such interest arises.

Act not to affect powers under certain laws