Registration of co-ownership

(1) Subject to sub-section (2), on receipt of an instrument disposing of any land, lease or charge to two or more joint owners, the Registrar shall enter in the proprietorship section of the register the names of the trustees for sale specified in the express trust, if any, or if the trust is implied, the names of the co-owners contained in the instrument, and shall add after their names the words “as trustees for sale”. (2) The names of not more than four such trustees for sale as mentioned in sub-section (1), shall be entered and if the express trust or, if the trust is implied, the instrument contains more than four names, the Registrar shall enter as trustees the first four names shown in the trust or instrument. (3) On receipt of an instrument disposing of any land, lease or charge to two or more owners in common the Registrar shall enter in the proprietorship section of the register the names of the trustees for sale specified in the express trust, if any, or if the trust is implied, the names of the owners in common contained in the instrument; and shall add after their names the words “as trustees for sale”, subject to sub-section (2). (4) The persons named in the register as trustees for sale shall have and may exercise all or any powers of disposition, subject to any entry on the register or on the parcel file in the Registry relating to the land. (5) An express trust for sale, or a certified copy thereof, may be deposited with the Registrar for safe custody; but such trust or copy shall not form part of the register or be deemed to be