Section 7: Notice of trust not receivable — National Investment (Unit) Trust Ordinance, 1965

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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7. Notice of trust not receivable.—No notice of a trust, express, implied or constructive, shall be receivable by or on behalf of the Trust: Provided that the Management Company or the Trustee may, without creating any liability on their part, record in their books and comply with such directions of the holders of Units for the distribution of income as they think fit.

Effective date: 1965-01-01

Related sections

Section 6: Trust Deed to be binding on the holders of Units Section 8: Act XVIII of 1891 to apply Section 5: Units to be approved securities Section 9: Power to make rules Section 4: Power of 1[Federal Government] to authorize issue of Bearer Certificates Section 3: Units to be transferable movable property

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