Section 345
Duty To Maintain Ownership Of Trust Property
(1) The trust
property shall be entered as such in the records of trust and held in
the name of the person specified in the memorandum of
incorporation and in the name of the beneficiary, if such a person is
not specified in the memorandum of incorporation.
(2) If, in the case of a public trust, the memorandum of
incorporation provides for the establishment of a separate body
corporate for the operation and management of the trust property,
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such property shall be held in the name of the body corporate so
established.