Derek Moran
Here's a question based on this CLUBHOUSE RULE: Who exactly IS bound to EXECUTE the TRUST, then??
Not bound to execute trusts
59. Her Majesty and a fiscal agent or registrar acting as such are not bound to see to the execution of any express or implied trust to which any securities are subject.
http://laws-lois.justice.gc.ca/eng/acts/F-11/page-29.html#docCont