(1) Except as
otherwise provided for in the memorandum of incorporation, the
deeds, documents of the ownership and possession of the trust
property and other proofs and evidences pertaining thereto shall all
be in the custody of the trustee, and in the case of a public trust, the
trustee shall submit copies of such deeds and documents to the
registrar.
Provided that in the case of any deed, document or evidence
to be approved by the registrar, it is not required to submit the
copies of such deeds, documents or evidence to the registrar.
(2) The trustee and the registrar shall safely retain the
deeds, documents and evidences referred to in sub-section (1).