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Transfer of Trust Property.
Transfer of Trust Property to Company.
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XVI. All such Estate or Interest in Real and Personal Property in England and Ireland, and in Property, Heritable and Moveable, in Scotland, and all such Deeds, Bonds, Obligations, and Rights as may belong to or be vested in any Person or Persons in trust for any Banking Company at the Date of its Registration under this Act, or in trust for any other Company at the Date of its Registration under the Joint Stock Companies Acts, 1856, 1857, shall immediately on Registration vest in such Banking or other Company; but no Merger shall take place of any Estates by reason of their uniting in the Company under this Section, without the express Consent of the Company, certified by some Instrument under their Common Seal.
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